1. To determine the amount that an insurer will pay an insured to cover a loss.
2. To arrive at a new agreement with a creditor for the payment of a debt. [Cases: Insurance 3234. C.J.S. Insurance §§ 1345–1347.]
1. To determine the amount that an insurer will pay an insured to cover a loss.
2. To arrive at a new agreement with a creditor for the payment of a debt. [Cases: Insurance 3234. C.J.S. Insurance §§ 1345–1347.]