Fellow Servant Rule
Definition of "Fellow servant rule"
Formerly an employer's defense under which an injured employee had to bring a cause for action against the fellow employee causing the injury, not the employer. Workers Compensation laws have nullified the rule for job-related injuries.
Popular Insurance Terms
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Section of the code that qualifies that the death benefit paid under a life insurance policy is received by the beneficiary income-tax free. These tax consequences apply regardless of the ...
Cost involved in an insurance company's adjustment of losses under a policy. ...
Assets that are not readily convertible into cash 'without a significant loss of principle, such as an automobile, a house, television set, a radio, etc. ...
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