| The War Exclusion to the CGL Policy |
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| Standard
comprehensive general liability policies insure businesses against
liability for personal injury or property damage of third parties. The
policies contain a number of exclusions from coverage. Insurance needs
and risk planning regarding the eventualities described in the
exclusions should take into account that standard CGL policies, though
comprehensive, do not cover excluded events.
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| Healthcare Law--AIDS |
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| (Acquired Immune Deficiency Syndrome - AIDS)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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| Warranties |
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| When
an applicant seeks to obtain an insurance policy, he will be required
to answer questions on the insurer's application for insurance. The
answers that the applicant provides may be considered warranties. A
warranty is a contractual obligation, and an insured generally must
literally comply with that obligation. More... |
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| Crimes of Insurance Agents |
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| Insurance
agents are subject to punishment under both general criminal statutes
and insurance-related statutes in state insurance codes based on their
conduct in relation to insurers and insureds. Criminal penalties may
still apply even if the agent is subject to civil sanctions for his
actions despite the constitutional prohibition against double jeopardy
because courts usually do not consider civil fines to be so excessive
as to transform the fine into a criminal penalty.
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