Subrogation
Akopọ
When someone else is to blame for your loss, two people owe you money: the person who caused the damage, and the insurer you paid to protect you. Collect from both and you would walk away richer than before the accident. Insurance will not allow that. Subrogation is the rule that lets your insurer, once it has paid you, chase the wrongdoer in your place and recover what it laid out, so that nobody profits from a misfortune.
In this lesson you will learn exactly what subrogation means and why it is the twin of indemnity, the right it gives the insurer to step into your legal shoes, the duty it places on you not to spoil that right, and the point at which it may be used. You will settle real claims where an excess or under-insurance means the recovery has to be shared, and you will see why the insurer can never keep a penny more than it paid.
Awọn Afojusun
- Define subrogation and explain its relationship to the principle of indemnity
- State the insurer's right to step into the legal remedies of the insured after payment of a claim
- Explain the duty of the insured to preserve the insurer's rights of recovery
- Explain when subrogation arises and how any recovery in excess of the claim is treated
Akọ̀wé Ẹ̀kọ́
Forúkọsílẹ̀ láti Tẹ̀síwájú
Ṣẹda àkọọlẹ ọfẹ kan láti wọlé sí gbogbo àwọn oríṣìíríṣìí ìkànsí ikẹ́kọ̀ọ́, àwọn ìbéèrè ìdánwò, àti láti tọpa ìlọsíwájú rẹ.
Ìdánwò Ẹ̀kọ́
Oriire fun ipari ẹkọ lori Subrogation. Ni bayi ti o ti ṣawari naa awọn imọran bọtini ati awọn imọran, o to akoko lati fi imọ rẹ si idanwo. Ẹka yii nfunni ni ọpọlọpọ awọn adaṣe awọn ibeere ti a ṣe lati fun oye rẹ lokun ati ṣe iranlọwọ fun ọ lati ṣe iwọn oye ohun elo naa.
Iwọ yoo pade adalu awọn iru ibeere, pẹlu awọn ibeere olumulo pupọ, awọn ibeere idahun kukuru, ati awọn ibeere iwe kikọ. Gbogbo ibeere kọọkan ni a ṣe pẹlu iṣaro lati ṣe ayẹwo awọn ẹya oriṣiriṣi ti imọ rẹ ati awọn ogbon ironu pataki.
Lo ise abala yii gege bi anfaani lati mu oye re lori koko-ọrọ naa lagbara ati lati ṣe idanimọ eyikeyi agbegbe ti o le nilo afikun ikẹkọ. Maṣe jẹ ki awọn italaya eyikeyi ti o ba pade da ọ lójú; dipo, wo wọn gẹgẹ bi awọn anfaani fun idagbasoke ati ilọsiwaju.
- Subrogation is best described as a corollary of the principle of: A. Utmost good faith B. Insurable interest C. Indemnity D. Proximate cause Answer: C
- To which of the following contracts does subrogation NOT apply? A. Fire insurance B. Motor own damage insurance C. Marine cargo insurance D. Life assurance Answer: D
- An insurer may exercise its right of subrogation: A. As soon as the loss occurs, before paying the claim B. Only after it has indemnified the insured C. At any time, whether or not it pays the claim D. Only if the insured agrees to share the recovery Answer: B
- An insurer pays a claim of 700,000 naira after the insured has borne an excess of 50,000 naira. It later recovers 750,000 naira from the negligent third party. How much may the insurer retain? A. 750,000 naira B. 700,000 naira C. 650,000 naira D. 50,000 naira Answer: B
- Subrogation rights may arise through: A. Tort only B. Contract only C. Statute only D. Tort, contract or statute Answer: D
Forúkọsílẹ̀ láti Tẹ̀síwájú
Ṣẹda àkọọlẹ ọfẹ kan láti wọlé sí gbogbo àwọn oríṣìíríṣìí ìkànsí ikẹ́kọ̀ọ́, àwọn ìbéèrè ìdánwò, àti láti tọpa ìlọsíwájú rẹ.
Forúkọsílẹ̀ láti Tẹ̀síwájú
Ṣẹda àkọọlẹ ọfẹ kan láti wọlé sí gbogbo àwọn oríṣìíríṣìí ìkànsí ikẹ́kọ̀ọ́, àwọn ìbéèrè ìdánwò, àti láti tọpa ìlọsíwájú rẹ.
