Exam term
Estoppel (insurance)
A legal bar that stops a party from asserting a right or denying a fact when the other side reasonably relied on that party's words or conduct. It is why an insurer cannot deny an agent's apparent authority or take back a right it appeared to give up.
Lessons that use this term
- Insurance contract law and its unique characteristics Florida
- The law of agency: the insurer as principal and express, implied, and apparent authority New York
- Insurance contract law and its unique characteristics New York
- Contract legal concepts: indemnity, utmost good faith, representations, warranties, concealment, fraud, waiver, and estoppel New York