Is there such a thing as "insurance law?"

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At least three kinds - plaintiff-side coverage and bad faith and defense-side coverage and defense. What’s the context of your question?

Yes, it’s the law governing interpretation of insurance contracts. It’s often confused with insurance defense, but is different. Example: interpretation of the binders (an agreement to cover an insurable interest while a contract for insurance is being negotiated) covering the World Trade Center that were in effect on September 11th, in which the court had to determine whether the property coverage provisions, containing limits of liability “per occurrence”, meant that the insured was entitled to payouts for two occurrences (each plane crash) or just one occurrence (the terrorist event).

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