Contractual risk transfer is the use of contractual obligations such as indemnity and exculpatory...
A waiver of subrogation is an acknowledgment by an insurer that it has no right to subrogate against a liable third party after it has paid a loss on behalf of its insured.
Waivers of subrogation typically are agreed to by insurers as a response to the insured's having waived its own right of recovery against a third party. Generally, insurance policies do not bar coverage if an insured waives its right of recovery against a third party before a loss. However, coverage is excluded from many policies if subrogation is waived after a loss because to do so would violate the principle of indemnity. Parties in whose favor an insured has waived its right of recovery may want proof - in the form of a waiver of subrogation from the insurer - that the insured's coverage has not been negated by the waiver of recovery rights.
Subrogation Waiver
Contractual risk transfer is the use of contractual obligations such as indemnity and exculpatory...
Risk management techniques are the methods for treating risks.
Subrogation is the assignment to an insurer by terms of the policy or by law, after payment of a...
A subrogation provision is a provision in an insurance policy addressing whether the insured has...