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Code of Federal Regulations Title 50. Wildlife and Fisheries § 50.296.14 Subrogation

Current as of January 02, 2025 | Updated by Findlaw Staff

(a) The claim application will contain a subrogation statement signed by the claimant as a condition of payment of the claim which:

(1) Assigns to the Fund the claimant's rights against third parties;  and

(2) Provides that the claimant will assist the Fund in any reasonable way to pursue those rights.

(b) Collection of subrogated rights. If a reasonable chance of successful collection exists, NMFS will refer any subrogated rights to the Justice Department for collection.

(c) Any moneys recovered through subrogation shall be deposited into the Fund.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 50. Wildlife and Fisheries § 50.296.14 Subrogation - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-50-wildlife-and-fisheries/cfr-sect-50-296-14/

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