Thomas A. King, P.C.
Faith- Intentional deception, dishonesty, or failure to meet
an obligation or duty. If an
insurer negligently fails to ascertain facts showing it should have settled
within the policy limits, thereby exposing the insured to an excess judgment, or
if it learns facts that dictate such a settlement, but nevertheless refuses in
bad faith to settle, it may be liable for the entire judgment.
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This Page was Last Updated on 05/05/2004