• US Legal Forms

Claim For Subrogation In Maricopa

State:
Multi-State
County:
Maricopa
Control #:
US-000279
Format:
Word; 
Rich Text
Instant download

Description

The Claim for Subrogation in Maricopa is a formal legal document used when an insurance company seeks recovery of funds they have disbursed on behalf of a policyholder involved in a liability case. This form is essential for attorneys, paralegals, and other legal professionals as it outlines the rights of an insurer to pursue claims against a third party responsible for an accident where their insured has incurred damages. Key features of the form include clear sections for detailing the parties involved, the grounds for bringing the claim, and the jurisdictional basis under which the case is filed. To effectively fill out the form, users should ensure all fields are completed accurately, including information about the parties, the accident details, and the subrogation amounts owed. Legal assistants may be particularly involved in gathering necessary documentation and ensuring compliance with local court filing requirements. Specific use cases might involve situations where an insurer has paid medical expenses for a policyholder after an accident and seeks to recover those costs from the at-fault party. Overall, this form serves an important function in the legal process, aiding in the swift resolution of financial responsibilities following an incident.
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  • Preview Complaint for Recovery of Monies Paid and for Declaratory Judgment as to Parties' Responsibility and Subrogation
  • Preview Complaint for Recovery of Monies Paid and for Declaratory Judgment as to Parties' Responsibility and Subrogation
  • Preview Complaint for Recovery of Monies Paid and for Declaratory Judgment as to Parties' Responsibility and Subrogation

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FAQ

How long does subrogation take? In general, the average subrogation process takes around 6-months. However, depending on the severity of the accident in question, it could take longer.

When factoring comparative negligence and improper referrals, the recovery rate should be somewhere in the range of 85-90%. This requires adjusters properly identifying subrogation, assessing comparative negligence and pursuing only what they are entitled to.

Arizona is actually an anti-subrogation state. This means that private health insurers do not have subrogation rights against a person's personal injury settlement. This standard applies across the board to most private Arizona health insurance plans. There are some exceptions to this state's anti-subrogation rule.

Insurance companies don't have forever to make a subrogation claim. While the statutory limitations period can vary depending on the type of subrogation claim made—and in which jurisdiction it is made—the standard statute of limitations ranges from one to six years.

Subrogation rights can be limited by state law. In fact, eight states are considered “Anti-Subrogation” states with one more effectively anti-subrogation. Those states are: Arizona.

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Claim For Subrogation In Maricopa