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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 31 - Money and Finance: Treasury |
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Subtitle A - Office of the Secretary of the Treasury |
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Part 50 - Terrorism Risk Insurance Program |
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Subpart I - Federal Cause of Action; Approval of Settlements |
§ 50.84 - Subrogation.
Latest version.
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§ 50.84 Subrogation.
An insurer shall not waive its rights of subrogation under its property and casualty insurance policy and preserve the subrogation right of the United States as provided by section 107(c) of the Act by not taking any action that would prejudice the United States' right of subrogation.