The duty to settle is an implied obligation of a liability insurer to protect the policyholder by settling a civil lawsuit in order to avoid a judgment which exceeds the policy limit of a liability policy. See, Article: Duty to Settle.
The duty to settle is an implied obligation of a liability insurer to protect the policyholder by settling a civil lawsuit in order to avoid a judgment which exceeds the policy limit of a liability policy. See, Article: Duty to Settle.