9:32
[kevin oleary]
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Simple English definitions for legal terms
quasi-insurer
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A quick definition of quasi-insurer:
A quasi-insurer is someone who provides a service and is held responsible for any losses or damages that may occur while using that service. This can include businesses like hotels or transportation companies. They are similar to insurance companies, but instead of providing insurance policies, they are responsible for compensating for any losses that may occur while using their services.
A more thorough explanation:
Definition: A quasi-insurer is a service provider who is held to strict liability in the provision of services. This means that they are responsible for compensating for any loss or damage that occurs while using their services, similar to an insurer.
Examples of quasi-insurers include:
- Innkeeper: A hotel or motel owner who is responsible for the safety and security of their guests' belongings while they are staying at the establishment.
- Common Carrier: A transportation company, such as a bus or train company, that is responsible for the safety and well-being of their passengers while they are in transit.
These examples illustrate the definition of a quasi-insurer because they are service providers who are held to a high standard of care and are responsible for compensating their customers for any loss or damage that occurs while using their services.