What does Consent Judgment mean? Read on to discover the definition & meaning of the term Consent Judgment - to help you better understand the language used in insurance policies.
A judgment entered with the consent of the defendant. An insurer that wrongfully refuses to defend its insured runs the risk that the insured will allow a consent judgment to be entered against it. After a consent judgment is entered against the insured, an insurer later found to be in default of its defense obligation may be bound to pay the consent judgment by its terms.
We hope the you have a better understanding of the meaning of Consent Judgment.