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Simple English definitions for legal terms

follow-the-fortunes doctrine

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A quick definition of follow-the-fortunes doctrine:

The follow-the-fortunes doctrine is a rule in insurance that says a reinsurer must pay back the reinsured for settled claims as long as the reinsured made the payments in good faith and they were reasonable. This means that the reinsurer cannot question the reinsured's decision to pay a claim that may not have been covered under the original insurance policy. It is also known as follow the fortunes.

A more thorough explanation:

The follow-the-fortunes doctrine is a principle in insurance that requires a reinsurer to reimburse the reinsured for their payment of settled claims, as long as the payments were made in good faith and were reasonable.

For example, let's say a company purchases insurance for their property and experiences damage from a storm. The insurance company pays the claim, but then seeks reimbursement from the reinsurer. The reinsurer must reimburse the insurance company as long as the payment was made in good faith and was reasonable.

This principle prevents the reinsurer from questioning the insurance company's decision to pay a claim that may not have been covered under the original insurance policy. It allows the insurance company to make decisions in the best interest of their policyholders without fear of being second-guessed by the reinsurer.

following-form policy | follow-the-settlements doctrine

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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.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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