We use cookies to improve your website experience. To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy. By continuing to use the website, you consent to our use of cookies. Close

CHAPTER 27 SUBROGATION AND RECOUPMENT

Marine Insurance: Law and Practice

CHAPTER 27 SUBROGATION AND RECOUPMENT I INTRODUCTION The “doctrine of subrogation” 27.1 The underlying purpose of a contract of indemnity insurance is the provision of an agreed indemnity to an assured for a loss. The “doctrine of subrogation” is often used to describe a series of related legal principles which can be best understood as having two major functions. The first is to prevent the assured from being over-indemnified under the contract of insurance for the loss insured against, at the expense of the insurer. The second is to facilitate recoupment of the insurer for the indemnity paid to the assured—often, though not invariably, at the expense of the party responsible for causing the loss.

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, please enter your details below to log in.

Enter your email address to log in as a user on your corporate account.
Remember me on this computer

Not yet an i-law subscriber?

Devices

Request a trial Find out more