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I'm not a lawyer, but in layman's terms:
Subrogation is similar to a right of reimbursement in that for example: YOUR Insurance company pays for your medical bills and/or property damage because the person causing your injuries/damages has no insurance. YOUR insurance company then has the right to pursue that person to get reimbursed. They "step into your shoes" to sue or try to obtain the money you would have gotten to pay for those damages, but your insurer paid them, so they have your right to get the money back they already paid on your behalf.
An assignment is like you giving away or assigning the right to collect some amount due to you in the future. Such as when a doctor is about to treat you and you sign an assignment that the doctor will file and collect directly from your health insurer, rather than you pay the bill and submit it to your health insurer and wait for them to hopefully reimburse you for the money you paid.
What else can I help you with?
What is the difference between common law subrogation and contractual subrogation?
First, the difference used to matter in the US, but in most instances the difference is negligible now. Common law subrogation arises from the historic decisions of the courts of the state or jurisdiction where the subrogation lien arose. These courts in almost every state established laws that provided that a payor of another's true debt would have a claim against the responsible party (or - more accurately - a lien on the harmed party's claim against the responsible party). Contractual subrogation technically arises out of a contract (such as an insurance policy or mortgage agreement) that provides in a clause or two that if payments need to be made then the payor will have a claim (or a lien on the claim) against the responsible party. Nowadays, the distinction between the two is very blurry as most courts recognize the common law subrogation right, and treat it in tandem with the contractual subrogation rights. Ken Levine; Nelson, Levine, de Luca & Horst
What is the difference between a Deed of Undertaking and a Deed of Assignment?
deed of undertaking
For this assignment youll want to find at least one point of similarity and one point of difference between the two works?
The assignment would be a comparison/contrast assignment.
What is the difference between unbalanced transportation and unbalanced assignment problem?
model sum
Difference between sublet and assignment of lease?
An assignment is the transfer of a lease between the current tennant and a prospective tenant. A sublet is a lease held from a lessor who has a superior landlord.
What are the difference between homework and assignment t?
An assignment is something you're assigned to do, homework is work that you do at home so therefore a homework assignment is work that you're assigned to do at home.
Difference between frequency management and channel assignment?
differenve between frequency management and channel assignement
What should you do when you have completed an assignment in lab?
What's the difference between science and technology?how are they related?
What is the difference between homework and assignment?
homework is a tasks that should be done at home while assignment assign anywhere as long as you can accomplished it before due date.
The difference between assignment and project?
Assignment is focused on specific, pre-defined tasks.Project involves a variety of interrelated tasks to be performed in order to achieve a particular Aim.
A(n) (Blank) assignment is when a provider does not bill the patient for the difference between the service cost and Medicare allowed.?
accepting
What is the difference between test examination and assignment?
Test examination is a work given to a scholar in the class for which he is assigned marks, while assignment is a work given to the scholar to do at home and show it on the class specified.
