Document background
The Subrogation Agreement is a crucial document in Danish insurance practice, used when an insurer has paid a claim to its insured and seeks to recover the paid amount from a third party responsible for the loss. This document type is commonly employed across various sectors in Denmark, from property insurance to professional liability claims. The agreement must comply with Danish insurance law, particularly the Forsikringsaftaleloven, and should clearly document the transfer of rights, the scope of the subrogation, and the obligations of all parties involved. It typically includes details of the original claim, the amount paid, and the rights being transferred, while ensuring alignment with Danish legal principles and procedural requirements. The agreement serves as the foundation for any subsequent recovery actions the insurer may take against third parties.
