subrogation in A Sentence
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But we believe it's not a problem because a Subrogation order can be issued.
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You ask us a Subrogation order for an amount of US$500, with details of the beneficiary(a different person than the shareholder).
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Note: Subrogation order is usually not needed if the entity is registered in a jurisdiction where there is no audit requirement.
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In this Subrogation order, the nominee(the subrogor) will simply order the company to transfer a defined amount to a third party(the subrogee).
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Although the surety has some rights such as right of Subrogation, indemnity and to taking back the securities but even though there are more complications in this regard.
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The ultimate goal of these investigations is often to determine the legal liability for a fire or other accident for purposes of insurance Subrogation or an injury lawsuit.
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After approval of the claim by the company, get the Registration Certificate transferred in the name of the company, hand over the keys of the vehicle, submit a letter of Subrogation and Indemnity on stamp paper duly notarized.
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