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- What is Subrogation? | 25 November 2023
What is Subrogation? | 25 November 2023
Subrogation refers to the substitution of one person in place of another with reference to a lawful claim or right
What is Subrogation?
“Subrogation under Article 2207 of the Civil Code only allows the insurer, as a new creditor who assumes ipso jure the old creditor’s rights without the need of any contract, to go after the debtor. [But] this does not mean that a new obligation is created between the debtor and the insurer. The insurer, as a new creditor, remains bound by the limitations of the old creditor’s claims against the debtor, which includes, among others, the aspect of prescription.” (Filcon Ready Mixed, Inc. v. UCPB General Insurance Company, Inc., G.R. No. 229877, July 15, 2020)
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Alburo Alburo & Associates Law Offices:
• Have labor law and business law as our main fields of practice. For almost a decade now, we have been helping businesses improve their productivity and profitability by helping them comply with relevant laws, rules, and regulations.
• Observe high standards of excellence.
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