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

Legal Disclaimer

The author and publisher disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this blog. The information provided is not a substitute for the advice of a competent insurance, legal, or other professional. The Information provided at this site should not be relied on as legal advice. Legal advice cannot be given without full consideration of all relevant information relating to an individual situation.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.