Defined terms key when drafting insurance policies

Author: Advocate Daily | | Categories: Accident Benefits Lawyer , Car Accident Lawyer , Disability Lawyer , Experienced Lawyer , Long Term Disability Lawyer , Motor Vehicle Accident Lawyer , Personal Injury Lawyer , Professional Law Corporation , Real Estate Litigation Lawyer , Slip And Fall Lawyer , Traumatic Brain Injury Lawyer

By Staff

A recent Ontario Court of Appeal case shows the importance of using defined terms when drafting insurance policies, Toronto insurance lawyer Rohan Haté tells

The decision by a unanimous three-judge panel of the province’s top court restored a potential $2.5-billion class action by life insurance policyholders against their issuer after the judges ruled a lower court judge erred in dismissing the entire claim.

The panel certified parts of the claim related to allegations of breach of contract and noted that it was not clear what even simple phrases, such as “maximum premium” and “minimum premium,” meant in the policy.

Article Courtesy: