Insurance 101 – Chapter 10 – Volume 2 – Subrogation-2

Subrogation-2

As early as 1888, the US Supreme Court found that equitable subrogation was a  well-recognized doctrine. The Supreme Court stated the historical rule that: “The Equitable assignee of a chose in action has the right to go into a court of equity to have his interest therein established; and when so established he will have the right to complete relief in the same action by decree of specific performance of the contract.”

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

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