The agreement by an insurer that he will not pursue his subrogation rights in specified circumstances.
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A waiver by the named insured giving up any right of recovery against another party. Normally an insurance policy requires that subrogation (recovery) rights be preserved. In commercial property insurance, a written waiver of subrogation rights is permitted if it is executed before the loss occurs.
Insurance Encyclopedia
Subrogation waiver (Property Insurance)
A waiver signed by the insured that relinquishes his or her rights to collect from a third party for a loss. Typically, insurance policies require the insured to preserve subrogation rights. Commercial property insurance policies usually allow a subrogation waiver as long as it is signed before any loss occurs.
Subrogee
Entity (such as an Insurer) which may become subrogated to another’s rights. See Also: “Subrogation.”
Subrogor
Entity (such as an insured) whose rights against a third party are transferred to a subrogee (such as an Insurer ) through either equitable or contractual subrogation. See Also: “Subrogation.”
Subscriber
Contract holder who either has insurance coverage through his or her place of employment or has purchased coverage directly from the plan or affiliate. This term is used primarily in Blue Cross and Blue Shield programs. Also referred to as policyholder or insured .
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A person that bids for underwriting capacity in a capacity auction.
Subscriber (Health Insurance)
This term can refer to the person who is eligible for enrollment because of his or her job. It can also refer to the person or entity that pays premiums for a policy.
Subscriber agreement
See: certificate of coverage (COC) .
Subscriber certificate
See: certificate of coverage (COC) .
Subscriber contract
See: certificate of coverage (COC) .
Subscriber contract (Health Insurance)
The contract describing the benefits available to each person registered under a health care plan.