FOLLOW-THE-FORTUNES DOCTRINE
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. ¡ª Often shortened to follow the fortunes. [Cases: Insurance 3615.]
How do bilingual lawyers in China usually translate the term FOLLOW-THE-FORTUNES DOCTRINE?
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