DLA Piper’s Practical Guide for Claims Managers in 2022 – Part 5: Policy Terms and What They Mean for Insurers
Introduction In this fifth of our series of monthly practice guides for claims managers in 2022, we consider certain key principles associated with certain terms commonly used in commercial insurance contracts, including warranties, suspensive conditions. and also “simple” (or “naked”). ) conditions 1. The legal consequences of non-compliance with each of these types of terms …