Massachusetts General Laws ch. 231 sec. 140C – Settlement or partial payment by insurer as admission of liability
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Section 140C. No settlement or partial payment made under a liability insurance policy of a claim against any person insured thereunder shall be construed as an admission of liability by such person, with respect to any claim arising from the same event.
Terms Used In Massachusetts General Laws ch. 231 sec. 140C
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.