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Duty To Settle — Exhaustion, Commercial And Professional Liability Insurance

Ch. 16, IICLE (2014)

This is a chapter in the Illinois Continuing Legal Education text on insurance coverage. It involves excess exposures vis a vis policy limits and policy limit demands. The chapter deals with the “ins and outs” a liability insurer’s recognition of excess exposures and when there is a duty to pay policy limits for the benefit of an insured and/or an excess liability insurer. It also discusses potential “extra contractual” liability in extraordinary policy limits cases.