California Insurance Code 11582 – No settlement made under a motor vehicle liability insurance policy …
Current as of: 2024 | Check for updates
|
Other versions
No settlement made under a motor vehicle liability insurance policy of a claim against any insured thereunder arising from any accident or other event insured against for damage to or destruction of property owned by another person shall be construed as an admission of liability by the insured, or the insurer’s recognition of such liability, with respect to any other claim arising from the same accident or event.
(Added by Stats. 1965, Ch. 296.)
Terms Used In California Insurance Code 11582
- Person: means any person, association, organization, partnership, business trust, limited liability company, or corporation. See California Insurance Code 19
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.