Under the subrogation clause, legal action can be taken by the insurer against the

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Study for the Louisiana Series 103 – Life, Health, and Accident or Sickness Insurance Exam. Familiarize yourself with key concepts through engaging questions and explanations. Prepare effectively for your exam!

Multiple Choice

Under the subrogation clause, legal action can be taken by the insurer against the

Explanation:
Subrogation lets the insurer step into the insured’s rights to recover losses from the party responsible for the loss. After paying a claim, the insurer can sue the responsible third party to recoup the benefits it paid. This keeps costs down for everyone by preventing the insured from collecting twice and by letting the insurer recover damages from the party at fault. The action isn’t against the insured, the insurer itself, or the policy beneficiary—the money is sought from the person whose fault caused the loss.

Subrogation lets the insurer step into the insured’s rights to recover losses from the party responsible for the loss. After paying a claim, the insurer can sue the responsible third party to recoup the benefits it paid. This keeps costs down for everyone by preventing the insured from collecting twice and by letting the insurer recover damages from the party at fault. The action isn’t against the insured, the insurer itself, or the policy beneficiary—the money is sought from the person whose fault caused the loss.

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