triple trigger. Insurance. A theory of coverage providing that all insurers on a risk from the day a claimant is first exposed to an injury-producing product (such as asbestos) — beyond the last exposure — to the date of diagnosis or death, whichever occurs first, must cover the loss. — Also termed continuous trigger. Cf. […]
actual-injury trigger. Insurance. The point at which an insured suffers damage or injury (such as the time of an automobile accident), so that there is an occurrence invoking coverage under an insurance policy. — Also termed injury-in-fact trigger. Cf. EXPOSURE THEORY; MANIFESTATION THEORY; TRIPLE TRIGGER.
actual injury trigger Read More »
exposure theory. Insurance. A theory of coverage providing that an insurer must cover a loss if the insurance was in effect when the claimant was exposed to the product that caused the injury. Cf. MANIFESTATION THEORY; ACTUAL-INJURY TRIGGER ; TRIPLE TRIGGER. [Cases: Insurance 2265. C.J.S. Insurance §§ 429–430.]
manifestation theory. Insurance. The doctrine that coverage for an injury or disease falls to the policy in effect when the symptoms of the covered injury or disease first appear. Cf. EXPOSURE THEORY; ACTUAL-INJURY TRIGGER; TRIPLE TRIGGER . [Cases: Insurance 2265. C.J.S. Insurance §§ 429–430.] “Some injuries do not manifest themselves until a period of time
manifestation theory Read More »
Insurance. The doctrine that coverage for an injury or disease falls to the policy in effect when the symptoms of the covered injury or disease first appear. Cf. EXPOSURE THEORY; ACTUAL-INJURY TRIGGER; TRIPLE TRIGGER. [Cases: Insurance 2265. C.J.S. Insurance §§ 429–430.]
manifestation theory Read More »