When There Is Ambiguity in the Meaning of a Limitation

question 156

True/False

When there is ambiguity in the meaning of a limitation clause in an insurance contract, the courts defer to the party who drafted the contract.

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Definitions:

Earnings

The amount of money that an individual or company receives in return for their labor or investment.

Female/Male Earnings Ratio

The comparison of average earnings between women and men, often used to highlight gender pay disparities.

Professions

are occupations requiring specialized knowledge and often, formal education and qualifications, such as law, medicine, and engineering.

Civil Rights Legislation

Laws enacted to protect individuals from discrimination and ensure equal opportunity, regardless of race, religion, sex, or nationality.