Collin Texas Receipt for Payment of Loss for Subrogation

• Category: Insurance - Contracts
• State: Multi-State
• County: Collin
• Control #: US-0555BG
• Format: Word; Rich Text

Description

Subrogation is commonly used in insurance matters. For example, on payment of a loss under an insurance policy, an insurer is entitled to be subrogated to the extent of any right of action the insured may have against a third party whose negligence or wro Collin Texas Receipt for Payment of Loss for Subrogation is a legal document used in the state of Texas to acknowledge the receipt of payment for the loss incurred by the party entitled to subrogation rights. It serves as proof that the payment has been received and releases the party responsible for the loss from further liability. Keywords: Collin Texas, receipt for payment, loss, subrogation, legal document, payment received, liability. Different Types of Collin Texas Receipt for Payment of Loss for Subrogation: 1. Automobile Subrogation Receipt: This type of receipt is specifically tailored for subrogation claims related to automobile accidents in Collin County, Texas. It includes details of the car involved, insurance companies, claim number, and the amount paid to settle the surrogate loss. 2. Property Subrogation Receipt: When a property loss occurs in Collin County, Texas, this receipt is used to acknowledge the payment made by the responsible party or their insurance company to the surrogate party. It includes information about the property, the nature of the loss, and the amount of payment. 3. Workers' Compensation Subrogation Receipt: In cases where an employee suffers an injury or illness while working in Collin County, Texas, and there is a subrogation claim involved, this receipt is used to document the payment made by the employer's workers' compensation insurance. It includes details of the employee, the incident, and the subrogation amount. 4. Health Insurance Subrogation Receipt: When a health insurance company exercises its subrogation rights to recover the medical expenses paid on behalf of an insured individual in Collin County, Texas, this receipt is issued. It contains information about the insured person, the medical treatment received, and the amount paid by the liable party. It is important to note that the specifics and details within Collin Texas Receipts for Payment of Loss for Subrogation may vary depending on the nature of the loss, the parties involved, and the insurance policies in place. These receipts play a crucial role in the legal process and facilitate the smooth resolution of subrogation claims in Collin County, Texas.

Collin Texas Receipt for Payment of Loss for Subrogation is a legal document used in the state of Texas to acknowledge the receipt of payment for the loss incurred by the party entitled to subrogation rights. It serves as proof that the payment has been received and releases the party responsible for the loss from further liability. Keywords: Collin Texas, receipt for payment, loss, subrogation, legal document, payment received, liability. Different Types of Collin Texas Receipt for Payment of Loss for Subrogation: 1. Automobile Subrogation Receipt: This type of receipt is specifically tailored for subrogation claims related to automobile accidents in Collin County, Texas. It includes details of the car involved, insurance companies, claim number, and the amount paid to settle the surrogate loss. 2. Property Subrogation Receipt: When a property loss occurs in Collin County, Texas, this receipt is used to acknowledge the payment made by the responsible party or their insurance company to the surrogate party. It includes information about the property, the nature of the loss, and the amount of payment. 3. Workers' Compensation Subrogation Receipt: In cases where an employee suffers an injury or illness while working in Collin County, Texas, and there is a subrogation claim involved, this receipt is used to document the payment made by the employer's workers' compensation insurance. It includes details of the employee, the incident, and the subrogation amount. 4. Health Insurance Subrogation Receipt: When a health insurance company exercises its subrogation rights to recover the medical expenses paid on behalf of an insured individual in Collin County, Texas, this receipt is issued. It contains information about the insured person, the medical treatment received, and the amount paid by the liable party. It is important to note that the specifics and details within Collin Texas Receipts for Payment of Loss for Subrogation may vary depending on the nature of the loss, the parties involved, and the insurance policies in place. These receipts play a crucial role in the legal process and facilitate the smooth resolution of subrogation claims in Collin County, Texas.