API 28

Card Set Information

Author:
avoegeli
ID:
14760
Filename:
API 28
Updated:
2010-04-15 23:30:41
Tags:
Chapter Terms
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Description:
Chapter 5
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  1. Contractual Liability
    The tort liability of another person or entity assumed under contract.
  2. Default Judgement
    An event that in a natural and continuous sequence and unbroken by any intervening cause, produces injury or damage.
  3. Proxmiate Cause
    An event that in a natural and continuous sequence and unbroken by any intervening cause, produces injury or damage.
  4. Collateral Source Rule
    The defendant cannot introduce evidence to show that the injured party has other sources of compensation for the injury.
  5. Reservation of Rights
    General notice sent to an insured advising that the insurer is proceeding with a claim investigation.
  6. Nonwaiver agreement
    A document serving the same purpose as the reservation of rights letter; however, it is drafted by counsel specifically for the claim and requires the insureds signature
  7. Declaratory judgement
    A court ruling on a coverage point within a policy contract or judgment on a point of law.

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