Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

doctrine of superior equities

Read a random definition: national-security privilege

A quick definition of doctrine of superior equities:

The doctrine of superior equities is a rule in insurance that says an insurance company cannot recover money from someone whose rights are equal or better than the insurance company's. This means that the insurance company can only use subrogation (the right to take legal action against someone who caused the loss) if the guilty party's rights are worse than the insured person's. It's also called the "risk-stops-here" rule.

A more thorough explanation:

The doctrine of superior equities is a rule in insurance that prevents an insurer from recovering from anyone whose equities are equal or superior to the insurer's. This means that the insurer cannot seek reimbursement from someone who has an equal or greater right to the funds in question.

For example, if an insured person is injured in a car accident caused by another driver, and the insured person's insurance company pays for their medical expenses, the insurance company may seek reimbursement from the at-fault driver's insurance company. However, if the at-fault driver's insurance company can prove that their insured person also suffered injuries in the accident and has a right to the funds, the doctrine of superior equities would prevent the first insurance company from seeking reimbursement.

The doctrine of superior equities is also known as the "risk-stops-here" rule, as it places the burden of risk on the insurer rather than the insured.

doctrine of substituted judgment | doctrine of tenures

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
LSD+ is ad-free, with DMs, discounts, case briefs & more.