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Insurance & Risk Management
8. Chapter 9: Fundamental Legal Principles/Distinct legal characteristics of insurance contracts
8. Chapter 9: Fundamental Legal Principles Illustration
Syllabus Slides

Distinct legal characteristics of insurance contracts

01.Core Concepts

Courts have ruled that any ambiguities or uncertainties in the contract are construed against the insurer The principle of reasonable expectations states that an insured is entitled to coverage under a policy that he or she reasonably expects it to provide, regardless of policy provisions ‹#›