A Texas Subrogation Agreement Authorizing Insurer to Bring Action in Insured's Name is a legal document that gives the insurance company the right to file a lawsuit on behalf of the insured party to recover damages from a third party who is responsible for an accident or loss. This agreement is commonly used in insurance claims where the insured party has been compensated for their losses by their own insurance company, and the company believes that another party should be held liable for those damages. By signing this agreement, the insured party grants their insurer the authority to pursue legal action in their name, allowing the insurer to assert their rights and seek reimbursement for the amount they have paid out. There are various types of Texas Subrogation Agreements, depending on the nature of the insurance policy and the circumstances of the claim. Some common types include: 1. Automobile Subrogation Agreement: Specifically used in motor vehicle insurance claims, this agreement allows the insurance company to sue the at-fault driver or another party responsible for the accident to recover the funds they have paid to the insured under the policy. 2. Property Subrogation Agreement: Tailored for property insurance claims, this agreement enables the insurer to pursue legal action against a responsible party, such as a contractor, manufacturer, or landlord, who caused damage to the insured property. 3. Workers' Compensation Subrogation Agreement: This agreement is employed in workers' compensation insurance claims when the insurer seeks to sue a third party who is liable for the workplace injury or illness suffered by the insured employee. 4. Health Insurance Subrogation Agreement: Typically used in health insurance claims, this agreement allows the insurance company to sue a third party, such as a negligent healthcare provider or a responsible party in a personal injury case, to recover medical expenses they have covered on behalf of the insured. Overall, a Texas Subrogation Agreement Authorizing Insurer to Bring Action in Insured's Name provides an avenue for insurance companies to seek reimbursement for payments made to insured parties, ensuring that responsible parties are held accountable for their actions.