- Unfair Claims Practice
- The improper avoidance of a claim by an insurer or an attempt to reduce the size of the claim. By engaging in unfair claims practices an insurer tries to reduce its costs. However, this is illegal in many jurisdictions.
The National Association of Insurance Commisioners (NAIC) has created legislation that states that claims be handled fairly and that there is clear communication between the insurer and the insured. Because of this legislation, many states have implemented unfair claims practice laws.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
Unfair labor practice — In United States labor law, the term unfair labor practice refers to certain actions taken by employers or unions that violate the National Labor Relations Act (NLRA) and other legislation. Such acts are investigated by the National Labor… … Wikipedia
Unfair prejudice in United Kingdom company law — is a statutory form of action that may be brought by aggrieved shareholders against their company. Under the Companies Act 2006 the relevant provision is s.994, the identical successor to s.459 Companies Act 1985. Unfair prejudice actions have… … Wikipedia
Apple Inc. litigation — From the 1980s to the present, Apple Inc. has been plaintiff or defendant in civil actions in the United States and other countries. Several of these actions have determined significant case law for the technology industry, while others simply… … Wikipedia
False advertising — or deceptive advertising is the use of false or misleading statements in advertising. As advertising has the potential to persuade people into commercial transactions that they might otherwise avoid, many governments around the world use… … Wikipedia
Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… … Universalium
NLRB election procedures — The National Labor Relations Board, an agency within the United States government, was created in 1935 as part of the National Labor Relations Act. Among the NLRB’s chief responsibilities is the holding of elections to permit employees to vote… … Wikipedia
Santa Barbara News-Press controversy — The Santa Barbara News Press Controversy refers to a series of events starting in 2000 after billionaire divorcee Wendy P. McCaw purchased the Santa Barbara News Press . McCaw felt that as owner of the News Press she had authority to choose its… … Wikipedia
Communications Workers of America v. Beck — Supreme Court of the United States Argued January 11, 1988 … Wikipedia
National Labor Relations Board — NLRB Agency overview Formed July 5, 1935 … Wikipedia
1952 steel strike — on essentially the same terms the union had proposed four months earlier. [Marcus, Truman and the Steel Seizure Case: The Limits of Presidential Power, 1977, p. 253.] Wage control policy during the Korean WarOn February 9, 1950, Senator Joseph… … Wikipedia