SUBROGEE Meaning and
Definition
-
Subrogee refers to an individual or entity who steps into the shoes of another person or entity and assumes their rights, privileges, claims, or remedies. In legal terms, subrogee typically arises in the context of subrogation, which is the act of substituting one party for another in regards to their rights or claims, usually resulting from an indemnification or reimbursement arrangement.
In subrogation, the subrogee becomes entitled to the rights or claims of the original party and may proceed to exercise those rights or claims on their behalf. This commonly occurs in insurance contexts when an insurer compensates a policyholder for a loss and then seeks reimbursement from a responsible third party. Upon completion of the reimbursement, the insurer becomes the subrogee, capable of asserting the policyholder's rights and pursuing legal action against the responsible party.
The concept of subrogee is fundamental in providing a means for an individual or entity to recover incurred losses when another party is legally or contractually obligated to reimburse them. By stepping into the shoes of the original party, the subrogee ensures that they are not deprived of their rights and that the party responsible for the loss is held accountable. The subrogee essentially acts as a legal representative, allowing for a smooth transfer of claims and the exercise of legal rights.
Common Misspellings for SUBROGEE
- aubrogee
- zubrogee
- xubrogee
- dubrogee
- eubrogee
- wubrogee
- sybrogee
- shbrogee
- sjbrogee
- sibrogee
- s8brogee
- s7brogee
- suvrogee
- sunrogee
- suhrogee
- sugrogee
- subeogee
- subdogee
- subfogee
- subtogee
Infographic
Add the infographic to your website:
