Insurance
May 10, 2017
When does the Cumis statute rate cap apply?
Depending upon how a particular policy is worded, an insurer may not be entitled to rely upon the rate cap.
INSURANCE INSIGHTS
Are insurers always entitled to rely upon the Cumis statute's rate cap when paying for an insured's independent counsel? Depending upon how a particular policy is worded, the answer may be "no."
The Cumis Statute
By way of brief background, California Civil Code Section 2860 (the Cumis statute) was enacted by the California Legislature in 19...
To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In