Green cards and visas are both government-issued documents for immigrants, but they bestow very different rights and privileges in the US. The critical difference is that a green card allows the holder to remain and work in the US indefinitely, while the visa is reserved for a temporary stay. Call Toll FREE: 1-800-788-0450 Home
Equitable Subrogation. DEFINITION of 'Equitable Subrogation'. A legal doctrine that allows a party that has made payments on behalf of another party to lay claim to the recovery of damages or funds from a third-party. Equitable subrogation is a legal concept that allows one party to replace another party when it comes to a legal right.
Subrogation is one of the ways that car insurance companies recover money that was paid out in claims to drivers insured by them. Subrogation is generally the last part of the insurance claims process. In most cases, the insured person hears little about it. It's something that happens between insurance companies. If an insurance company does decide to pursue subrogation, however, the law requires that they inform you that they are doing it.