subrogation

British  

/ ˌsʌbrəˈɡeɪʃən /

noun

1. law the substitution of one person or thing for another, esp the placing of a surety who has paid the debt in the place of the creditor, entitling him to payment from the original debtor

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Example Sentences

The investors are aiming to buy so-called subrogation claims from insurance companies.

From Los Angeles Times

This practice is called subrogation, and the right to subrogation is important for insurers.

From Seattle Times

But he and other practitioners of health care subrogation say it reduces health insurance costs, allowing lower premiums for all employees.

From Washington Times

Ms. Worters said your insurer may incur costs, even if you are not at fault, as a result of “subrogation,” or the process of seeking payment from the other driver’s insurer.

From New York Times

But the case also has a significant impact on consumers, who are often fighting an uphill battle in these “subrogation and reimbursement” cases.

From Washington Post