| Types of Adjusters |
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| When an insured files a claim with his insurer to recover for a loss, the insurer may pay the amount requested without question, or it may begin the "adjustment" process. This is the process by which the claim is resolved. Various types of "adjusters" may assist in the adjustment process. More... |
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| Unconscionability |
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| An insurance policy, like every other type of contract, imposes upon each party an implied duty of good faith and fair dealing in its performance and its enforcement. This duty requires the insurer and the insured to perform so as not to impair or destroy the right of the other to receive the benefit of the agreement. The duty also incorporates the concept of avoiding "unconscionability" in executing the policy. More... |
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| Insurance Law> General Liability Insurance> Harm Exclusions |
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| (The CGL Policy Exclusion for Expected or Intended Injury) More... |
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| Tie-in Arrangements |
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| A "tie-in arrangement," also known as "insurance packing," in the insurance industry consists of a lender's extension of credit to a borrower on the condition that the borrower purchase certain insurance, usually from an insurer with close ties to the lender. The premium amounts for the insurance are usually added to the amount of the loan without the borrower's request or knowledge, and he may not find out about the tie-in arrangement until the lender presents the pre-prepared loan documents at the closing of the loan. More... |
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| No Life Insurance Beneficiary Designation |
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| If an insured obtains a life insurance policy, he has the responsibility to designate an eligible beneficiary to receive the proceeds of the policy upon his death. Situations arise, however, where the insured either fails to make any designation of beneficiary or revokes his designation and fails to make a new one. More... |
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