The Law of Subrogation
The purpose of this course is to better equip you in your professional activities as an Insurance Agent or Insurance Adjuster.
This course reviews the Law of Subrogation. Subrogation literally refers to the act of one person or party standing in the place of another person or party. When an insurance company pursues a third party for damages, it is said to "step into the shoes of the policyholder," and thus will have the same rights and legal standing as the policyholder when seeking compensation for losses. In this course the student will study equitable Subrogation and legal/conventional subrogation. The course also reviews defenses to Subrogation claims: “no greater rights”; “settlement and release”; and the running of “statute of limitations”. An insurer’s right of Subrogation is along the lines of both “express” assignment and “equitable” assignment. Waivers of Subrogation and Defenses available to the “wrongdoer” are briefly discussed. As with our other “The Law Of” courses the legal doctrines discussed in the course are supported by numerous case studies to keep the course both interesting and instructive.
This course makes a few assumptions about you the student:
- You are a currently licensed Insurance Agent or Adjuster.
- You are interested in additional information, resources, and knowledge regarding insurance and the legal environment of business in general.
There are four key features to the Course Briefs Continuing Education courses:
- Introduction to the Law
- Legal Syllogism Overview
- Topical Analysis
- Supporting Case Law