What obligations does a claimant have after the insurance company pays the claim?
Full Question:
What obligations does a claimant have after the insurance company pays the claim and then subrogates against the negligent party?
02/16/2007 |
Category: Contracts |
State: Arkansas |
#732
Answer:
These obligations are set forth in your policy. The typical subrogation provision provides that in the event of any payment under the policy, the insurer must be subrogated to all the insured's rights of recovery against any person or organization and the insured must execute and deliver instruments and papers and do whatever else is necessary to secure such rights, and must do nothing after loss to prejudice such rights.
