Insurance Term
Estoppel
A legal principle that prevents a party from denying or alleging a fact because of their previous conduct.
Detailed Explanation
If an agent tells an insured that a claim is covered, and the insured relies on that, the insurer may be estopped from later denying coverage based on the policy text.
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Practice QuestionEasy
Which of the following best describes the concept of Estoppel?
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