Insurance companies do not permit the insurer to seek voluntary settlements of liability claims against the insured.

Question

Quizplus · Accepted Answer

Insurance companies typically allow the insured to seek voluntary settlements of liability claims, as long as the insurer is notified and agrees to the settlement. However, the insurer may also choose to take over control of the claim and negotiate with the claimant directly.

Insurance Companies Do Not Permit the Insurer to Seek Voluntary