Agreement on Good and Fair Dealings

Business - Barry Zalma

This is an entire course of study giving instruction and preparing to empower the understudy to figure out how protection claims are controlled by the unwritten inferred contract of good confidence and reasonable managing. It will clarify how the pledge, first depicted in 1766, transformed from an agreement understanding mantra into a tort considering tort harms to be evaluated against a backup plan who breaks the contract of good confidence and reasonable managing. It is the reason for risk protection to ensure those individuals and substances guaranteed against claims they were harmed by the safeguarded's tortious direct and they should be settled reasonably and in compliance with common decency.

The Course covers the following:

  1. An explanation of the covenant of good faith and fair dealing before it became a tort.
  2. Why the tort of bad faith was created.
  3. A detailed explanation of the liability insurance policy and how it was designed to provide protection to people.
  4. What liability insurance is.
  5. The statement of the covenant in 1766.
  6. The principle of utmost good faith.
  7. The parts of the liability insurance policy.
  8. Development of the tort of bad faith.
  9. Duties of Persons insured by a liability policy.
  10. Adjusting a liability claim in good faith.
  11. How to avoid claims of bad faith.

 

 

Learning Objectives:

  • Identify what liability insurance is.
  • Explore how liability insurers can act to treat the insured with utmost good faith.
  • Identify the various means by which an insured can breach the covenant of good faith and fair dealing.
  • Identify the various means by which an insurer can breach the covenant of good faith and fair dealing.
  • Discover that the tort of bad faith was created to deter insurers from treating insureds unfairly.
  • Discover that the insurance professional is an expert in treating an insured with good faith.
  • Explore, by review of cases that created the tort, why there is a tort of bad faith.
  • Explore why both parties to the contract of insurance must treat the other in good faith and do nothing that will deprive the other of the benefits of the policy of insurance.

Instructor

Barry Zalma

Insurance Expert

Barry Zalma, Esq., CFE, has practiced law in California for more than 42 years as an insurance coverage…

Training 5 or more people?

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What will you cover?

  •   Introduction 00:06:26

Instructor

Barry Zalma

Insurance Expert

Barry Zalma, Esq., CFE, has practiced law in California for more than 42 years as an insurance coverage…

Training 5 or more people?

Get your team access to WIISE top 2,000 courses anytime, anywhere.

Try WIISE for Business
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