| The CGL Policy Exclusion for Contractual Liability |
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| The comprehensive general liability policy insures the policyholder against liability for personal injuries or property damage to third parties caused by the acts of the policyholder. There are various exclusions from such coverage in the standard CGL policy, including the exclusion for contractual liability.
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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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| Payees of Claims |
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| When a claim is submitted to an insurer under an insurance policy and the insurer determines that it will make payment for the loss incurred, the insurer must then make payment to the proper party. To determine the proper payee of insurance proceeds, an insurer must focus on the rights under the policy rather than the rights of the parties to the insured property. For example, the fact that a party owns the insured property does not mean that he is entitled to the proceeds when a loss occurs. In general, any party with a recognized interest in the proceeds may be entitled to payment. If a party entitled to payment is not paid, the insurer may be subject to multiple liability for the same loss. More... |
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| Indemnity vs. Liability Policies |
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| Indemnity policies More... |
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| Insurer Rehabilitation |
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| An insurer is subject to much regulation in order to protect its insureds and creditors in situations in which the insurer suffers financial difficulties. Such regulation provides several methods of attempting to correct the insurer's problems. Rehabilitating the insurer is one such method. Rehabilitation is an attempt to salvage the insurer. More... |
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