Pacific Employers Insurance v. Superior Court
California Court of Appeal
1Opinion of the Court
Opinion
COMPTON J.
On April 17, 1981, Pacific Employers Insurance Company (PEIC) issued a “claims made” Professional Life Underwriters Insurance liability policy to Richard M. Rausch, an insurance salesman. Pursuant to the terms and limitations of the policy, liability coverage was to be afforded in the amount of $5 million during the period March 15, 1981 through March 15, 1983.
The insuring agreement obligated PEIC to pay on behalf of the insured “all sums which the insured shall become legally obligated to pay as damages because” of any claim made against the insured and reported, in…
2Cases cited23 opinions
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