29 min
Quebec Insurance Legislation: Defense costs now allowed to erode limits for certain policies | Episode 1 Clyde & Co | Insurance & Reinsurance North America
-
- Business
In the first episode of this podcast series, Partner Trevor McCann and Senior Counsel Prachi Shah address a new Quebec regulation to exempt certain insurance policies from the general rule that costs are born by insurers outside limits for liability policies governed by that law. Both discuss the origin of the exception, the general requirements for admissibility to the exception classes of exempt insures, and the gray zones in the application of the exemption to real life insurance situations.
In the first episode of this podcast series, Partner Trevor McCann and Senior Counsel Prachi Shah address a new Quebec regulation to exempt certain insurance policies from the general rule that costs are born by insurers outside limits for liability policies governed by that law. Both discuss the origin of the exception, the general requirements for admissibility to the exception classes of exempt insures, and the gray zones in the application of the exemption to real life insurance situations.
29 min