Money received by an insurer in respect of a loss, thus reducing the loss, by way of subrogation, salvage or reinsurance.
Money received by an insurer in respect of a loss, thus reducing the loss, by way of subrogation, salvage or reinsurance.
A risk that is on par with those on which the rate has been based in the areas of health, physical condition, and morals. An average risk, not subject to rate loadings or restrictions because of poor health.


