Contribution and Subrogation– part of the Principles of Insurance Series

An in-depth look at two fundamental principles of insurance.

Objectives

• Understand the principles of subrogation and contribution as corollaries of indemnity
• Know how and when contribution and subrogation arise
• Understand the rights of subrogation
• Know the rules and application of contribution
• Understand how the principles of subrogation and contribution can be modified

Content and Learning

Subrogation 

• Definition
• Important points
• Case Law
• Sources of subrogation rights
• Market agreements 

Contribution 

• Definition
• Rules
• Conditions
• Application of Contribution