The legal definition of subrogation is: The substitution of one person in the place of another with reference to a lawful claim, demand, or right, so that he or she who is substituted succeeds to the rights of the other in relation to the debt or claim, and its rights, remedies, or Securities.
Subrogation is assuming the legal rights of a person for whom expenses or a debt has been paid. Typically, an insurance company which pays its insured client for injuries and losses then sues the party which the injured person contends caused the damages to him/her.
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Advocacy - link courtesy of National Association of Subrogation Professionals (NASP)
Benefits of Subrogation - video courtesy of NASP
Educational Webinars - link courtesy of NASP
International Statue of Limitations
State Creditor Bar Associations
Summary of Collection Laws - reviewed & updated by NL Attorney members
Terminology - useful industry specific terms and definitions
White papers - state-specific information is provided by NL and our authors for the benefit of creditors, collection agencies, debt buyers and NL attorney members who are looking for and working with U.S. attorneys.
NASP (National Association of Subrogation Professionals) Who are NASP members? Those who predominately work in the subrogation industry - Attorneys, Forensic Specialists, Engineers, Collection Companies and Insurance Claims Professionals working in Subrogation. |