Insurance
Aug. 8, 2009
On the Clock
When an insurer fails to comply with the requirements of the Fair Claims Settlement Practices Act, it may not be able to assert a time limitation defense, writes Kirk A. Pasich.
FOCUS COLUMN
By Kirk A. Pasich Insurance policies typically contain various provisions that specify deadlines by which insureds "must" do certain things in order to obtain coverage. For example, commercial general liability policies and other third-party liability policies typically obligate an insured to provide notice of a claim or suit "as soon as practicable." Some variants of these policies also specify that in order to obtain coverage, a cla...For only $95 a month (the price of 2 article purchases)
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