insurer's liability

insurer's liability
Literally, the liability of an insurer. In common usage, a term of art. importing absolute liability. A liability which is absolute except as the injury is caused by the public enemy or an act of God or is self-inflicted. Anderson Hotels of Oklahoma, Inc. v Baker (CA10 Okla) 190 F2d 741, cert den 342 US 869, 96 L Ed 654, 72 S Ct 111.

Ballentine's law dictionary. . 1998.

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  • insurer — in‧sur‧er [ɪnˈʆʊərə ǁ ˈʆʊrər] noun [countable] INSURANCE 1. an insurance company: • If an insurer failed, the industry organization would pay 90% of all claims. 2. the insurer/​insurers used in a particular insurance contract or legal case to… …   Financial and business terms

  • Liability — Li a*bil i*ty (l[imac] [.a]*b[i^]l [i^]*t[y^]), n.; pl. {Liabilities} ( t[i^]z). [1913 Webster] 1. The state of being liable; as, the liability of an insurer; liability to accidents; liability to the law. [1913 Webster] 2. That which one is under …   The Collaborative International Dictionary of English

  • absolute liability — Liability for an injury resulting to another where no account is taken of the standard of care exercised, often called insurer s liability. 38 Am J1st Negl § 4. Criminal liability of which intent not an element. 21 Am J2d Crinn L § 91. Liability… …   Ballentine's law dictionary

  • liability insurance — A policy or contract of insurance whereby the insurer agrees to protect the insured against liability arising from an act or omission of the insured which causes injury to the person or the property of a third person, the liability of the insurer …   Ballentine's law dictionary

  • Liability insurance crisis — The liability insurance crisis in the United States of America refers to a volatile economic period during the mid 1980s. During these years, until about 1990, rising insurance premiums and an unavailability of coverage for several types of… …   Wikipedia

  • liability limit — noun : the maximum amount which a liability insurance company agrees to pay as a result of a single accident or injury to a single person * * * the highest amount that a liability insurer will pay on a single claim …   Useful english dictionary

  • insurer — transporto priemonių valdytojų civilinės atsakomybės draudikas statusas Aprobuotas sritis draudimas apibrėžtis Asmuo (Lietuvos Respublikos draudimo įmonė, kitos Europos Sąjungos valstybės narės draudimo įmonė, įgyvendinanti įsisteigimo teisę ar… …   Lithuanian dictionary (lietuvių žodynas)

  • liability limit — the highest amount that a liability insurer will pay on a single claim. * * * …   Universalium

  • limitation of liability — A limitation upon a liability otherwise contracted or assumed by entering into a particular relationship, the most common of which is found in contracts of bailment, limiting the liability of the bailee, 8 Am J2d Bailm § 132, such as a carrier,… …   Ballentine's law dictionary

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