A New Hampshire Subrogation Agreement Authorizing Insurer to Bring Action in Insured's Name is a legal document that allows an insurance company to pursue legal action on behalf of the insured in cases where the insured has suffered damages or losses due to the negligence of a third party. This agreement grants the insurer the right to step into the insured's shoes and seek compensation for the damages caused. Subrogation is a legal principle that enables an insurance company to recover the money it has paid out to the insured from the party responsible for the loss. Through this agreement, the insured authorizes the insurer to bring a lawsuit in their name, acting as their legal representative. Keywords: 1. New Hampshire: This refers specifically to the state where this subrogation agreement is applicable. New Hampshire has its own set of laws and regulations that govern insurance and subrogation. 2. Subrogation Agreement: This describes the legal contract that outlines the agreement between the insured and the insurer, allowing the insurer to take legal action in the insured's name. 3. Insurance Company: This refers to the entity responsible for providing insurance coverage to the insured. It is the party seeking reimbursement for the damages paid. 4. Insured: This refers to the individual or entity that holds the insurance policy and is protected by the policy in case of specified damages or losses. 5. Bring Action: This phrase emphasizes the insurer's right to initiate legal proceedings against the responsible third party. 6. Negligence: Refers to the failure of a person or entity to exercise reasonable care, resulting in harm or damage to another party. 7. Third Party: This refers to the individual or entity that is responsible for causing the damages or losses to the insured. Types of New Hampshire Subrogation Agreements Authorizing Insurer to Bring Action in Insured's Name: 1. Property Subrogation Agreement: This type of agreement applies when an insured's property has been damaged due to the negligence of a third party, and the insurer seeks reimbursement for the covered losses. 2. Auto Subrogation Agreement: This agreement is applicable when an insured's vehicle sustains damages due to the fault of another driver or entity, and the insurance company aims to recover the payments made to the insured. 3. Workers' Compensation Subrogation Agreement: In cases where an insured suffers injuries in the workplace due to the actions or negligence of a third party, a workers' compensation subrogation agreement enables the insurer to pursue the responsible party for reimbursement of medical expenses and lost wages. 4. Healthcare Subrogation Agreement: This type of agreement arises in situations where an insurance company pays for medical expenses caused by a third party's actions, such as in a personal injury claim, and seeks to recover those costs through subrogation. It is essential to consult a legal professional in order to draft or interpret a New Hampshire Subrogation Agreement Authorizing Insurer to Bring Action in Insured's Name, as this document involves complex legal terminology and requirements specific to New Hampshire jurisdiction.