Insurance Law
| 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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| Captive Insurers |
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| A captive insurer is captive in the sense that it is owned and operated by the insured. There is a point at which it makes economic sense for a company to establish and operate its own insurer as part of the company's risk management program rather than pay premiums to independent insurers. More... |
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| The CGL Policy Liquor Liability Exclusion |
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| The comprehensive general liability (CGL) policy protects the insured from liability to third parties for personal injury and property damage caused by the insured. However, there are various exclusions from coverage in the standard CGL policy, including Exclusion C for liquor liability. More... |
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| Airport Owners and Operators Liability Insurance |
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| Aviation insurance includes markets for general aviation, commercial aviation, manufacturers of aircraft and aircraft components, and owners and operators of airports. Airport owner and operator liability insurance policies generally cover damages from injuries at airports or due to airport operations. 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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