Rule 11 Sanctions

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What does Rule 11 Sanctions mean? Read on to discover the definition & meaning of the term Rule 11 Sanctions - to help you better understand the language used in insurance policies.

Rule 11 Sanctions

Rule 11 Sanctions

Sanctions (court-ordered fines) imposed for abuse of process. The attempt to prevent frivolous, unfounded lawsuits.

More Insurance Terms And Definitions

The Merriam-Webster Dictionary defines insurance as:

a: The business of insuring persons or property.

b: Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.

c: The sum for which something is insured.

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