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A Cumis counsel is "an attorney employed by a defendant in a lawsuit when there is a liability insurance policy supposedly covering the claim, but there is a conflict of interest between the insurance company and the insured defendant." [1]
It was created under the authority of section 121.02 of the Ohio Revised Code (ORC) and is administered by the Director of Insurance. Insurance companies operating in the state of Ohio are subject to regulation under Title 39; and depending upon the entity of the organization, Chapters 1751 and 1753 of the ORC. ODI is charge with seeing that ...
The Ohio Senate Committees are the legislative sub-organizations in the Ohio Senate that handle specific topics of legislation that come before the full Senate. Committee membership enables members to develop specialized knowledge of the matters under their jurisdiction.
Legal protection insurance (LPI), also known as legal expenses insurance (LEI) or simply legal insurance, is a particular class of insurance which facilitates access to law and justice by providing legal advice and covering the legal costs of a dispute, regardless of whether the case is brought by or against the policyholder. Depending on the ...
It can be advantageous to evaluate a claim with an eye to coverage early on and avoid taking positions or making admissions that could unwittingly impact a future dispute on coverage, ...
A reservation of rights, in American legal practice, is a statement that an individual, company, or other organization is intentionally retaining full legal rights to warn others of those rights. The notice avoids later claims that one waived legal rights that were held under a contract, copyright law, or any other applicable law.
At least 10 federal lawsuit claim Ohio National Life Insurance and its affiliates terminated contracts and stopped paying commissions to thousands of broker-dealers who sold its variable annuities.
Legal status describes the legal rights, duties and obligations of a person or entity, or a subset of those rights and obligations. [ 1 ] [ 2 ] The term may be used to describe a person's legal condition with respect to personal rights, but excluding proprietary relations, such as their having the status of a spouse.