During a claim investigation, an insurance company discovers a breach of a policy condition that gives it the right to deny coverage. However, the claims manager officially notifies the insured in writing that the company will not enforce this condition and will process the claim. What is the legal term for this intentional and voluntary relinquishment of a known right?
- WaiverCevap
- BEstoppel
- CAdhesion
- DWarranty
Cevap
Waiver
The correct answer accurately identifies that a waiver occurs when a party intentionally and voluntarily relinquishes a known legal right, which matches the claims manager's action of officially choosing not to enforce the policy condition.
Adım Adım Çözüm
Anahtar Kavram
Waiver and Estoppel