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1. Parties: Identification of all parties including the releasing party (insurer), the released party (third party), and the insured
2. Background: Details of the incident/loss, insurance claim, and the context for the subrogation release
3. Definitions: Key terms used in the document including 'Claim', 'Incident', 'Release', 'Subrogation Rights'
4. Consideration: Statement of the payment or consideration being provided in exchange for the release
5. Release Terms: Specific terms of the release including the scope of rights being released and any reservations
6. Representations and Warranties: Statements confirming the authority to execute the release and the validity of the claims
7. Governing Law: Specification of the applicable provincial/territorial law governing the agreement
8. Execution: Signature blocks and execution requirements for all parties
1. Multiple Insurer Provisions: Required when multiple insurance companies are involved in the claim
2. Confidentiality: Used when parties wish to keep the settlement terms confidential
3. Third Party Rights: Needed when there are additional parties who may have rights affected by the release
4. Currency Specification: Required for international cases or when multiple currencies are involved
5. Partial Release Provisions: Used when only certain aspects of subrogation rights are being released
6. Indemnification: Added when specific indemnity provisions are required beyond the basic release
1. Schedule A - Claim Details: Detailed breakdown of the insurance claim amount and payments made
2. Schedule B - Incident Report: Detailed description of the incident giving rise to the claim
3. Schedule C - Related Claims: List of any related claims or potential claims affected by the release
4. Appendix 1 - Supporting Documents: List of relevant insurance policies, claim forms, or other supporting documentation
Claim
Consideration
Effective Date
Incident
Insured
Insurer
Loss
Parties
Policy
Released Claims
Released Party
Releasing Party
Settlement Amount
Subrogation Rights
Subject Matter
Third Party
Underlying Insurance Policy
Insurance Proceeds
Date of Loss
Property
Damages
Related Claims
Representatives
Applicable Law
Recitals
Definitions
Consideration
Release and Discharge
Subrogation Waiver
Representations and Warranties
Authority to Execute
Settlement Terms
Payment Terms
Confidentiality
Governing Law
Jurisdiction
Entire Agreement
Severability
Amendment
Assignment
Notice
Counterparts
Further Assurances
Indemnification
No Admission of Liability
Binding Effect
Currency
Execution
Insurance
Legal Services
Real Estate
Construction
Manufacturing
Transportation
Healthcare
Retail
Maritime
Energy
Professional Services
Property Management
Legal
Insurance Claims
Risk Management
Compliance
Operations
Underwriting
Corporate Affairs
Document Management
Finance
Insurance Claims Manager
Legal Counsel
Risk Manager
Insurance Adjuster
Claims Representative
Compliance Officer
Insurance Broker
Underwriting Manager
Corporate Counsel
Settlement Officer
Insurance Operations Director
Claims Attorney
Risk Assessment Specialist
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