You are currently not signed in. Any products you have purchased will not be available until you Sign In.
For a personalized walk-through of IRMI Online, Request a Demo.

conventional subrogation

Subrogation rights that have been modified between two parties by the terms of a contract entered into by them. Conventional subrogation is necessarily narrower in scope than subrogation under common law (or equitable subrogation) because a contract cannot expand subrogation rights, only restrict them. An example of conventional subrogation is the agreement of contracting parties to waive their rights of recovery against each other to the extent to which insurance is being maintained on the exposures for which the parties might otherwise incur liability. See also Subrogation waiver.

Links for IRMI Online Subscribers Only: CRT V.C


Social Media

User ID: Subscriber Status:Free