AIC 33-5

In insurance, consideration given to the insured's interests that is at least equal to that given to the insurer's interest in handling a claim.

The failure, without leagal cause, to fulfill a contractual promise.

The party (person or entity) against whom relief or recover is sought in a lawsuit.

The person or entity who files a lawsuit and is named as a party.

The amounts payable under the contract according to the terms of the contract.

A payment awarded by a court to indemnify an injured party for losses that result indirectly from a wrong such as a breach of contract or a tort.

A statute that imposes time limits on when a cause of action can be brought, starting from the time the cause of action accrues.