If you are disabled and collecting payments under a long-term disability policy, that's pretty much a done deal, right?
Subrogation action is an important insurance concept to understand. With subrogation, one party stands in for another party when making a claim for damages. For example, if you’re driving down the road and another driver runs a red light and side swipes you, your insurance provider may pay for your damages. However, because the other driver was at fault in the accident, your insurance company—acting in your place—will seek reimbursement from that driver’s insurance provider. This scenario is one of the most common types of subrogation.
It happens all the time.
The law holds insurance companies to a certain standard of behavior. When such a company’s conduct does not live up to this standard, it is coined “bad faith practice”. There are various types of conduct against an insured party that constitute bad faith. For example, it is considered bad-faith practice if the insurer:
A teen-aged girl living with epilepsy-linked seizures had high hopes a couple months ago in the days immediately preceding scheduled surgery to relieve her of her life-altering symptoms.
In Oklahoma and nearly every other state, driving without minimum insurance coverage is against the law. Insurance provides assistance in paying for property damage and injuries following a car accident. Because Oklahoma is an at-fault state, the driver who is determined to be responsible for the accident is the one whose insurance covers the damages.