
Insurance policies often include language that allows insurers to recover amounts they have advanced for the insured’s benefit. For instance, if the insured’s policy has a SIR, the policy may contain a provision similar to the following:
We shall have the right but no obligation, in all cases, to assume charge of the defense and/or settlement of any claim, and, upon our written request, you shall tender such portion of the SIR as we may deem necessary to complete the settlement of such claim.