In this course, we delve into the intricate world of insurance policies, consent requirements, and the concept of acting as a "prudent uninsured." We'll explore how insurers and insureds handle settlements with third parties, examining the legal implications, potential pitfalls, and strategic considerations.
By the end of this course, you should be able to:
Explain the fundamental concept of consent in insurance policies
Identify the significance of obtaining insurer consent before settling with a third party
Learn about the implications of breach of policy terms related to consent
