GLOSSARY
This Insurance Glossary of Terms is produced and maintained by the National Alliance Research Academy. 
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Subrogation

1) The legal right of one who has paid another’s obligation to collect from the party originally owing the obligation, e.g., the insurer’s right to recover from another the amount that the insurer paid to its insured for a covered loss. Equitable subrogation is based on the common law right to recover; contractual subrogation is based on a written document that authorizes a right to recover.