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Declaratory Relief

A declaratory judgment action may be brought by a plaintiff who is unsure of his legal right to recover from a defendant. This type of action is available to both an insured and an insurer to determine each party's rights, duties, obligations,...

Professional Liability Insurance - Errors and Omissions Policies

Professional liability policies, also called errors and omissions (E&O) policies, are purchased by professionals to protect themselves from liability arising from their performance of professional services. E&O policies are typically...

Insurance Agents' Acts Not Binding on Insurer

Insurance agents are the legal representatives of insurers. However, an insurer is not always bound by an agent's actions. In some instances, the insurer will not be bound by misrepresentations made by the agent to the...

Employers Entitled to Life Insurance Proceeds

A beneficiary of a life insurance policy must have an insurable interest in the life of the insured in order to collect the policy proceeds upon the insured's death. An insurable interest is usually found where there is a blood or marriage...

Rebating

What is rebating?

Rebating occurs when insurance agents or brokers give applicants for insurance something of value in addition to the benefits of the policy. Rebating is usually accomplished...