Insurance 101 – Chapter 9 – Volume 34 – More on Private Limitation

More on Private Limitation

In 1947, the U.S. Supreme Court again acknowledged the  importance of the private limitation of action provision when it  held, with regard to a fraternal benefit policy, that the State of South Dakota must give full faith and credit to the shortened limitation provision in the fraternal society’s constitution which was written in accordance with Ohio law even though prohibited by South Dakota law.

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

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