In J.R.R. Tolkien's “The Hobbit,” the creature Gollum poses the following riddle to the story's protagonist, Bilbo Baggins, during a life-or-death (for Bilbo) battle of wits:
Timing Is Everything: NY Insurance Law ' 3420(d)
Just as an insured should not delay in providing notice of a claim while investigating other possible sources of coverage, an insurer should not delay in disclaiming on late notice grounds — a condition precedent to coverage — while it investigates other possible grounds for disclaimer.
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