make whole doctrine

make-whole doctrine. Insurance. The principle that, unless the insurance policy provides otherwise, an insurer will not receive any of the proceeds from the settlement of a claim, except to the extent that the settlement funds exceed the amount necessary to fully compensate the insured for the loss suffered. [Cases: Insurance 3514(2).]

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词条贡献者

资深译员徐玲，知名法学院法律翻译专业，擅长翻译各类与财务重组相关的法律文件。