• US Legal Forms

Complaint Subrogation Sample With Clause In Virginia

State:
Multi-State
Control #:
US-000279
Format:
Word; 
Rich Text
Instant download

Description

The Complaint subrogation sample with clause in Virginia is a legal document used to initiate a lawsuit where an insurance company seeks recovery for expenses paid on behalf of an insured party due to an automobile accident. This form outlines the parties involved, establishes jurisdiction, and sets forth the nature of the action. Key features include a detailed description of the events leading to the claim, the insurance policies covering the parties, and the specifics regarding subrogation rights. Filling and editing instructions emphasize the need to accurately represent the parties' information, the specifics of the accident, and any amounts paid. Targeted for attorneys, partners, owners, associates, paralegals, and legal assistants, this form is essential for those representing insurance companies or individuals involved in similar disputes. It aids in asserting claims efficiently and determining liability and recovery amounts in a legal context. The clear structure and straightforward language allow users with varying legal backgrounds to utilize the form effectively.
Free preview
  • Preview Complaint for Recovery of Monies Paid and for Declaratory Judgment as to Parties' Responsibility and Subrogation
  • Preview Complaint for Recovery of Monies Paid and for Declaratory Judgment as to Parties' Responsibility and Subrogation
  • Preview Complaint for Recovery of Monies Paid and for Declaratory Judgment as to Parties' Responsibility and Subrogation

Form popularity

FAQ

It states that a subrogated insurance company standing in the shoes of its insured cannot bring a subrogation action against or sue its own insured.

A standard insurance policy has several clauses and conditions to the coverage it provides andMoreA standard insurance policy has several clauses and conditions to the coverage it provides and segregation is one of those clauses found in many policies. But what is subrogation. It's easiest to

What is Subrogation? Subrogation refers to the practice of substituting one party for another in a legal setting. Essentially, subrogation provides a legal right to a third party to collect a debt or damages on behalf of another party.

Subrogation clauses are used in the real estate industry and insurance industry and allows insurance companies to follow a lawful claim against a third party that caused damages to the insured. They fall under the common law legal system if a dispute over indemnity or enforceability occurs.

One example of subrogation is when an insured driver's car is totaled through the fault of another driver. The insurance carrier reimburses the covered driver under the terms of the policy and then pursues legal action against the driver at fault.

Subrogation allows your insurer to recoup costs (medical payments, repairs, etc.), including your deductible, from the at-fault driver's insurance company, if the accident wasn't your fault. A successful subrogation means a refund for you and your insurer.

The State Corporation Commission (SCC) has regulatory authority over utilities, insurance, state-chartered financial institutions, securities, retail franchising and railroads. It is the state's central filing office for corporations, limited partnerships, limited liability companies and Uniform Commercial Code liens.

Please call the Consumer Protection Hotline at (800) 552-9963 if calling from Virginia, or (804) 786-2042 if calling from the Richmond area or from outside Virginia. Our business hours are a.m. to p.m., Monday through Friday.

For general information - please call 804-371-9967 or 1-800-552-7945, or email us at sccinfo@scc.virginia.

Trusted and secure by over 3 million people of the world’s leading companies

Complaint Subrogation Sample With Clause In Virginia