Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Follow
vb. To conform to or comply with; to accept as authority <the lawyer assumed that the Supreme Court would follow its own precedent .
follow-the-fortunes doctrine
Insurance. The principle that a reinsurer must reimburse the reinsured for its payment of settled claims as long as the reinsured's payments were reasonable and in good faith. ( This rule prevents a reinsurer from second-guessing a reinsured's good-faith decision to pay a claim arguably not covered under the original insurance policy. -Often shortened to follow the fortunes.
follow-the-settlements doctrine
Insurance. The principle that an indemnitor must accede to the actions of the indemnitee in adjusting and settling claims; esp., the principle that a reinsurer must follow the actions of the reinsured.
following-form policy
An insurance policy that adopts the terms and conditions of another insurance policy.