The Covenant Of Good Faith And Fair Dealing

What you'll learn
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.
Requirements
No Advanced Preparation or Prerequisites are needed for this course. However, it is recommended to take the other courses in the series prior to completing this one.
Description
This is a complete course of study providing education and training to enable the student to learn how insurance claims are controlled by the unwritten implied covenant of good faith and fair dealing. It will explain how the covenant, first described in 1766, changed from a contract interpretation mantra into a tort allowing for tort damages to be assessed against an insurer who breaches the covenant of good faith and fair dealing. It is the purpose of liability insurance to protect those people and entities insured against claims they were damaged by the insured's tortious conduct and they must be resolved fairly and in...

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