Quantcast
Home / News Stories / Contingency clause can’t transfer UIM obligation (access required)

Contingency clause can’t transfer UIM obligation (access required)

The insurance carrier for a truck-leasing company cannot use contingency language in its policy to escape its obligation to provide underinsured motorist coverage on its own truck, a Richmond federal magistrate judge has ruled. The carrier sought to push the UIM obligation to the company that leased the vehicle. The Supreme Court of Virginia has allowed contingency ...