Relinquished UIM Subrogation Rights In Oklahoma
As found in multiple cases in Oklahoma, an insured who quickly settles with a liable third party (tort-feasor) will eliminate any and all opportunities for its UIM carrier to subrogate or seek reimbursement for paid claims, against third party policy limits.
Typically UIM carriers will pay for the insured’s damages and then subrogate for additional benefits from the third party or the UIM carrier would pay for the insured’s damages and then seek reimbursement through third party benefits, however if the insured settles with the third party before the UIM carrier has a chance to subrogate or seek reimbursement, all UIM rights will be forfeited.