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The rule spells out four exceptions to the rule of inadmissibility: evidence of a party's ownership of liability insurance—or of a party's failure to own liability insurance—is admissible to prove (1) a witness' bias or prejudice, i.e. for witness impeachment; (2) agency; (3) ownership; and (4) control.
"Prior acts" (or "nose") coverage transfers the retro-active date for an old policy to a new insurance carrier—eliminating the need to purchase tail coverage from the last carrier. Nose coverage is usually less expensive than purchasing tail coverage from the old carrier. Tail coverage costs 2–3 times the expiring premium.
Liability insurance (also called third-party insurance) is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims that come within the coverage of the insurance policy.
In the U.S., the average annual premium for minimum coverage as of January, 2024 is $740, while a full coverage policy, which includes collision and comprehensive insurance, averages $2,542 a year.
Rule 403 [25] - This rule is the final rule that can still result in dismissal of evidence. It stipulates that even though the presented evidence has probative value, it may still be deemed not admissible if its admission would create unfair prejudice, confuse or mislead the jury or delay the trial unnecessarily.
Car insurance can be complicated, since a policy may contain multiple types of coverage and have rules regarding who is covered and in what cases the auto insurance covers the car or the driver.
Subject to the "fortuity principle", the event must be uncertain. The uncertainty can be either as to when the event will happen (e.g. in a life insurance policy, the time of the insured's death is uncertain) or as to if it will happen at all (e.g. in a fire insurance policy, whether or not a fire will occur at all). [4]
Australian rule of evidence is a mixture of statute and common law, [18] together with the rules of court. [19] It has a uniform Evidence Act (UEA or the "Act") that consists of Acts of the Commonwealth, New South Wales, Victoria, Tasmania, the Australian Capital Territory, and the Northern Territory.