vexatious delay or refusal to pay

vexatious delay or refusal to pay
Term used in insurance statutes providing for penalties for insurer's conduct in unjustifiably refusing to pay insurance claims, e.g., a refusal to pay insurance claim, based on suspicion without substantial fact to support that suspicion, is "vexatious refusal to pay." Laster v. State Farm Fire and Cas. Co., Mo.App., 693 S.W.2d 195, 197.
An insurer is allowed an honest difference of opinion regarding its liability under a policy and so long as it acts in good faith, may contest either an issue of fact or an issue of law. Camp v. John Hancock Mut. Life Ins. Co. of Boston, Mass., Mo.App., 165 S.W.2d 277, 283

Black's law dictionary. . 1990.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • vexatious refusal to pay — See vexatious delay or refusal to pay …   Black's law dictionary

  • Europe, history of — Introduction       history of European peoples and cultures from prehistoric times to the present. Europe is a more ambiguous term than most geographic expressions. Its etymology is doubtful, as is the physical extent of the area it designates.… …   Universalium

  • United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… …   Universalium

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”