What is Subrogation? | PROPERTY-CASUALTY, LIFE-HEALTH Exam Prep

Subrogation is the insurance principle that allows an insurer, after paying a claim, to assume the policyholder's legal right to recover damages from the third party responsible for the loss. 📚 Learn more about Subrogation and other key terms for your PROPERTY-CASUALTY, LIFE-HEALTH exam at Open Exam Prep. 🎯 This term appears on: PROPERTY-CASUALTY, LIFE-HEALTH 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Subrogation definition: https://www.open-exam-prep.com/glossary/subrogation 💡 Exam Tip: Subrogation = insurer's right to recover from at-fault party after paying claim. Insured can't collect twice (double recovery). --- #insurance #examprep #financeexam #property-casualty #life-health