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LSDefine

Simple English definitions for legal terms

knowledge-of-falsity exclusion

Read a random definition: mulier puisne

A quick definition of knowledge-of-falsity exclusion:

The knowledge-of-falsity exclusion is a rule that says insurance companies don't have to pay for damages caused by lies. If someone says something they know is false and it causes harm, the insurance won't cover it. This is like if you told a friend a lie that made them get hurt, and your mom said she wouldn't buy you a new toy to make up for it. It's important to always tell the truth so that everyone stays safe and happy.

A more thorough explanation:

Definition: A provision in some commercial general liability policies that excludes coverage for damages arising from an oral or written communication made by the insured with knowledge that it is false.

Example: A company publishes an advertisement claiming that their product can cure cancer. They know that this claim is false, but they still publish it. If someone sues the company for false advertising, their insurance policy may have a knowledge-of-falsity exclusion, which means that the insurance company will not cover the damages.

This example illustrates how the knowledge-of-falsity exclusion works. If the insured knowingly makes a false statement, they cannot rely on their insurance policy to cover any damages resulting from that statement.

knowing consent | known creditor

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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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