duty of good faith and fair dealing

The duty of good faith and fair dealing (also known as “bad faith”) is an implied covenant that neither party to a contract will do anything which will injure the right of the other to receive the benefits of the agreement. As applied to liability insurance, it is a liability insurer’s duty not to withhold unreasonably payments due under a policy. Bad faith exposes a liability insurer to pay non-contractual damages to the insured. See, Article: Duty of Good Faith and Fair Dealing.


Please enter your email address in order to view this page.
Your email address will not be sold to or shared with third parties.