| Bad Faith Delay or Denial of Payment by Insurer |
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| Every contract imposes upon the parties to the contract the duty of good faith and fair dealing, which requires the parties to act so as not to injure each other's right to the benefit of the agreement. Such a duty applies to an insurer and an insured, who agree to the terms of an insurance policy.More... |
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| Insurer's Duty of Good Faith and Fair Dealing in Handling Claims of Insureds and Third Parties |
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| If an insured does not think that his insurer handled his claim properly, he may have some recourse. Every contract contains an implied covenant of good faith and fair dealing that neither party will hinder the right of the other to receive the benefits of the contract. The duty imposed by this covenant applies to insurers and insureds. Some courts go so far as to hold the insurer to be a fiduciary to the insured.More... |
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| The Workers' Compensation Exclusion in the Comprehensive General Liability Policy |
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| A business may purchase a comprehensive general liability or CGL policy to provide insurance against liabilities of the business for personal injury or property damage suffered by third parties and caused by the business. The usual form CGL policy has numerous exclusions, including Exclusion D -- Workers Compensation and Other Laws. More... |
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| Types of Life Insurance |
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| Each of the two basic types of life insurance--term life insurance and non-term or permanent life insurance--has several variations. Term life insurance is for a specified period of time. Whole life insurance covers the life of a person, however long that life is.
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| Breach of Insurer's Duty of Good Faith and Fair Dealing in Failing to Settle |
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| By virtue of its contract with an insured, an insurer is under a duty to exercise good faith and fair dealing with regard to the insured's rights under the contract. This duty requires the insurer to act so as not to prevent the insured from receiving the benefits of the agreement. In most jurisdictions, the duty applies to the insurer's conduct in settling an action that is brought by a third party against the insured.More... |
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