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subrogation provision

A provision in an insurance policy addressing whether the insured has the right to waive its recovery rights against another party that may have been responsible for loss covered under the policy. In standard commercial policies, the subrogation provision is called "Transfer of Rights of Recovery Against Others to Us." See also Subrogation; Waiver of subrogation.


Links for IRMI Online Subscribers Only: CAI VIII.F; CLI V.J; CPI V.D, IX.J; CRM X.H; CRT V.C; IWC VI.C; PRMI 5.I, 11.F; PracRisk, Topic D-15

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