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New York's No Prejudice Rule

New York's no prejudice rule and iVigilant Insurance Co. v. Bear Stearns Companies, Inc./i

27 minute read July 29, 2013 at 08:43 AM
By
Elaine Panagakos
New York's No Prejudice Rule

New York law has traditionally been more faithful than that of many jurisdictions to the principle that an insurance contract, like any other, is “to be construed according to the sense and meaning” of its terms and, if those terms are clear and unambiguous, they are to be “taken and understood in their plain, ordinary, and proper sense.”

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