Subrogation Agreement Template for Malaysia

1. Multiple Parties Provisions: Required when there are multiple insureds or beneficiaries involved in the subrogation

2. Cross-Border Provisions: Needed when the incident or potential recovery involves international elements

3. Regulatory Compliance: Specific provisions required for compliance with particular regulatory requirements

4. Settlement Authority: Provisions regarding the insurer's authority to settle claims with third parties

5. Tax Provisions: Specific clauses dealing with tax implications of the subrogation arrangement

6. Alternative Dispute Resolution: Optional provisions for mediation or arbitration before court proceedings

1. Schedule 1 - Insurance Policy Details: Details of the relevant insurance policy including policy number, coverage, and terms

2. Schedule 2 - Claim Details: Specific information about the incident, loss, and claim payment

3. Schedule 3 - Supporting Documents: List of all relevant documentation supporting the claim and subrogation rights

4. Schedule 4 - Power of Attorney: If required, formal authorization for the insurer to act on behalf of the insured

5. Schedule 5 - Calculation of Settlement: Detailed breakdown of the settlement amount and any deductions

6. Appendix A - Form of Notice: Standard form for notices to be given under the agreement