Login or register (free and only takes a few minutes) to participate in this question.
You will also have access to many other tools and opportunities designed for those who have language-related jobs
(or are passionate about them). Participation is free and the site has a strict confidentiality policy.
For term searches and specialty glossaries, please try the new GBK glossaries
|English to Romanian translations [PRO]|
Law/Patents - Insurance
Additional field(s): Law: Contract(s), Law (general)
|English term or phrase: subrogation |
|Definition from Insurance Information Institute:|
The legal process by which an insurance company, after paying a loss, seeks to recover the amount of the loss from another party who is legally liable for it.
- Subrogation may also be employed when your insurer settles your collision claim for damage to your vehicle due to another driver’s negligence. insurance.freeadvice.com
- The collateral source asserting a subrogation claim will not be entitled to greater rights than those possessed by the person who was entitled to receive the initial benefits. findlaw.com
- A waiver of subrogation clause is placed in the professional services contract to minimize lawsuits and claims among the parties. International Risk Management Institute
This question was created by:
This question is closed
Subrogaţia este acea formă de transmitere legală sau convenţională a unui drept de
creanţă, cu toate garanţiile şi accesoriile sale, către un terţ care a plătit pe creditorul iniţial, în locul debitorului.
Selected response from:
|4 KudoZ points were awarded for this answer |
21 mins confidence: peer agreement (net): +3