insurance

Coinsurance is a risk-sharing agreement between the insurer and the insured under a particular insurance policy.

• insurance

Collision damage waiver (CDW), also called car rental insurance, removes a car renter’s liability for all or some damage to a rental vehicle in an accident, similarly to collision insurance. CDW also may cover instances of theft or vandalism. The renter will normally only have to pay for a deductible in an accident.

Collision insurance is a type of car insurance that covers damages to the insured’s vehicle when they are in a car crash, run into an object, or cause their car to roll-over. Unlike liability insurance in most states, collision insurance is voluntary, but most car loans require the car owner to have collision insurance.

A collusive suit (also referred to as a friendly suit) is a lawsuit where the parties are not actually in disagreement but are cooperating to steer the court towards some agreed-upon conclusion. As seen in United States v. Johnson, collusive suits are not allowed in federal court because they are not adversarial.

Commerce refers generally to the activity of exchanging products, goods, and services for financial gain. The word commerce usually is used to mean economic activity broadly on a national or other large scale. Commerce can be used in many contexts but is most commonly used by governments in their constitutions and laws to define the authority of the government to regulate commerce activity.

The Commerce Clause refers to Article 1, Section 8, Clause 3 of the U.S. Constitution, which gives Congress the power “to regulate commerce with foreign nations, among states, and with the Indian tribes.”

• commerce clause
• COMMERCE POWER
• interstate commerce
• U.S. CONSTITUTION
• constitutional law

Comprehensive insurance coverage is a type of auto insurance that covers most damages to the insured vehicle that do not occur in a collision. The covered damages usually include incidents like hail, theft, vandalism, tree branches falling, cracked windshields, etc.

A condition precedent is a condition or an event that must occur before a right, claim, duty, or interests arises. A condition precedent is contrasted with a condition subsequent.

The Consolidated Omnibus Budget Reconciliation Act, also known as COBRA, is a federal statute, passed in 1985, that provides employees and their families the right to continue group health benefits&

Contra proferentem is a rule of contract interpretation that states an ambiguous contract term should be construed against the drafter of the contract. The term contra proferentem is derived from a Latin phrase meaning “against the offeror.”  

• contracts