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THE REASONABLE EXPECTATIONS DOCTRINE: UNDERSTANDING THE LAW AND THE LORE BEHIND UPHOLDING THE REASONABLE EXPECTATIONS OF INSURANCE POLICYHOLDERS
Author(s) -
Anderson Eugene R.,
Fournier James J.
Publication year - 1998
Publication title -
risk management and insurance review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.386
H-Index - 16
eISSN - 1540-6296
pISSN - 1098-1616
DOI - 10.1111/j.1540-6296.1998.tb00073.x
Subject(s) - doctrine , insurance law , actuarial science , insurance policy , product (mathematics) , economics , business , law , focus (optics) , law and economics , general insurance , political science , physics , geometry , mathematics , optics
The authors examine the increasing recognition by the courts that an insurance policy is a consumer product, not merely a contract. This evolution has been the result of an increasing focus on the reasonable expectations doctrine. A review of the legal environment involving reasonable expectations and insurance coverage is presented.