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Subrogation Form Template for Saudi Arabia

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Key Requirements PROMPT example:

Subrogation Form

"I need a Subrogation Form for a commercial property insurance claim worth SAR 2.5 million, where my insurance company will pursue recovery rights against a construction contractor who caused water damage to our warehouse in Riyadh."

Document background
The Subrogation Form is a critical document used in the Saudi Arabian insurance market when an insurer seeks to recover claim payments from responsible third parties. It is specifically designed to comply with the Kingdom's Cooperative Insurance Companies Control Law and its Implementing Regulations, as well as SAMA guidelines and Islamic Sharia principles. The form is typically employed after an insurer has settled a claim with their insured and seeks to exercise their right of recovery against the party responsible for the loss. It must contain detailed information about the original claim, the payment made, and the specific rights being transferred, while ensuring all elements are Sharia-compliant. The document is particularly important in the Saudi legal system where documentary evidence is heavily emphasized in commercial proceedings.
Suggested Sections

1. Parties: Identification of the Insurance Company (Subrogee), the Insured Party (Subrogor), and details of the insurance policy

2. Background: Brief description of the incident, the claim made under the policy, and the payment made by the insurer

3. Definitions: Key terms used in the document including 'Claim', 'Loss', 'Recovery Rights', and 'Third Party'

4. Declaration of Payment: Formal acknowledgment of the payment made by the insurer to the insured

5. Transfer of Rights: Express transfer of recovery rights from the insured to the insurer

6. Scope of Rights Transferred: Detailed description of the rights being transferred and their extent

7. Insured's Obligations: Obligations of the insured to assist in recovery efforts and maintain confidentiality

8. Governing Law and Jurisdiction: Specification of Saudi Arabian law as governing law and relevant courts' jurisdiction

9. Execution: Signature blocks and execution requirements

Optional Sections

1. Sharia Compliance Declaration: Optional section explicitly confirming compliance with Islamic Sharia principles, recommended for use when dealing with Islamic insurance (Takaful) companies

2. Claims History: Detailed chronological history of the claim, recommended for complex claims or when multiple parties are involved

3. Third Party Details: Specific section for third party information, used when the responsible party is known at the time of subrogation

4. Witness Provisions: Additional witness requirements, used for high-value claims or complex cases

5. Language Provisions: Dual language provisions if the form needs to be in both Arabic and English

Suggested Schedules

1. Schedule 1 - Claim Details: Detailed description of the loss, including date, location, and circumstances

2. Schedule 2 - Payment Details: Breakdown of the payment made by the insurer, including any deductibles or exclusions

3. Schedule 3 - Supporting Documents: List of all supporting documents attached to the subrogation form

4. Appendix A - Original Policy Extract: Relevant extracts from the original insurance policy

5. Appendix B - Claim Documentation: Copies of essential claim documentation including police reports, photographs, or expert reports

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Relevant Industries

Insurance

Banking and Financial Services

Construction

Manufacturing

Transportation and Logistics

Real Estate

Healthcare

Retail

Maritime

Aviation

Energy

Professional Services

Relevant Teams

Legal

Claims

Compliance

Risk Management

Insurance Operations

Underwriting

Corporate Insurance

Recovery and Collections

Sharia Advisory

Policy Administration

Relevant Roles

Claims Manager

Insurance Underwriter

Legal Counsel

Risk Manager

Compliance Officer

Claims Adjuster

Insurance Broker

Policy Administrator

Recovery Specialist

Insurance Operations Manager

Sharia Compliance Officer

Corporate Insurance Manager

Claims Recovery Coordinator

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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