Insurance 101 – Chapter 9 – Volume 23 – The Notice-Prejudice Rule – 2

The Notice-Prejudice Rule – 2

The fact that modern insurance policies are contracts of adhesion;  the doctrine of  reasonable expectations; the public policy underlying statutorily mandated insurance coverage; and the possibility of  creating a windfall for insurers—and concluded that they weighed in favor of extending the “notice-prejudice” rule to excess liability insurance.

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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