Ratcliffe v. International Surplus Lines Insurance

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• finding coverage for corporate officers sued for alleged wrongful acts committed while acting as officers of a privately held corporation and as trustees or agents of trustees for family-member shareholders
• applying objective standard to D&O insurance policy; finding prior knowledge clause required disclosure of any facts which, “objectively considered, might have given rise to a claim, regardless of the applicant’s subjective belief’
• finding coverage for corporate officers sued for alleged wrongful acts committed while acting as officers of a privately held corporation and as trustees or agents of trustees for family-member shareholders
• finding coverage for corporate officers sued for alleged wrongful acts committed while acting as officers of a privately held corporation and as trustees or agents of trustees for family-member shareholders
• in interpreting directors and officers policy, court should not modify otherwise unmodified terms
• “A material misrepresentation will avoid the contract even though made through mistake or good faith. [Citations.] *** [I]t is unnecessary for the insurer to prove that a misrepresentation was made with the intent to deceive if it was material to the risk assumed”

Source: CourtListener parenthetical corpus (CC0).