(A) A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party. (B) civil law, contracts. The act of putting by a transfer, a person in the place … [Read more...]

That which is significant, large or impacting. … [Read more...]

Typically refers to the insurance company who has paid the subrogor (an injured insured party) and has the legal right and claim to sue the party that caused the damages. … [Read more...]

Where a construction or a performance contract is almost fully completed and sufficient for a certain purpose. … [Read more...]

The insured and injured party who has been paid by the subrogor and gives the sobrogee (the insurance company) the legal right and claim to pursue the party causing the injury in court. … [Read more...]