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Simple English definitions for legal terms

doctrine of superior equities

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A quick definition of doctrine of superior equities:

The doctrine of superior equities is a rule in insurance that says an insurance company cannot recover money from someone whose rights are equal or better than the insurance company's. This means that the insurance company can only use subrogation (the right to take legal action against someone who caused the loss) if the guilty party's rights are worse than the insured person's. It's also called the "risk-stops-here" rule.

A more thorough explanation:

The doctrine of superior equities is a rule in insurance that prevents an insurer from recovering from anyone whose equities are equal or superior to the insurer's. This means that the insurer cannot seek reimbursement from someone who has an equal or greater right to the funds in question.

For example, if an insured person is injured in a car accident caused by another driver, and the insured person's insurance company pays for their medical expenses, the insurance company may seek reimbursement from the at-fault driver's insurance company. However, if the at-fault driver's insurance company can prove that their insured person also suffered injuries in the accident and has a right to the funds, the doctrine of superior equities would prevent the first insurance company from seeking reimbursement.

The doctrine of superior equities is also known as the "risk-stops-here" rule, as it places the burden of risk on the insurer rather than the insured.

doctrine of substituted judgment | doctrine of tenures

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11:52
Whenever someone mentions Fordham I can only think of Whiplash
ParallelAgreeableOrangutan
11:52
nice, congrats!
@eggan: money talks!
ParallelAgreeableOrangutan
11:52
esp with the scholarship!!
I don't really know where I want to end up practicing yet, but I've enjoyed living in the midwest so far. I think I might ultimately like to end up as in-house corporate for the work life balance.
ParallelAgreeableOrangutan
11:53
I lived in Bloomington for a long time, can't speak to the law school but can answer Qs about the city if you'd like
@ParallelAgreeableOrangutan: How do you think it is to live in as a 20-something going to grad school? The comparison is Iowa city, so not an extremely high bar for liveliness. (No offense intended towards IC. I think it's a lovely place)
NosyBeagle
11:56
@NemoPropheta: taking it in august. feels like ill never be ready but f it we ball
I think the secret to happiness is fuck it we ball
is one ever truly ready for something? probably not. but fuck it we ball!
12:20
I went ahead and registered for August as well since it was free
12:20
Getting 2 180s back to back is better than one right
ronniedoeslaw
12:26
In all of your research, what minimum LSAT score do you believe gets you into UIC law?
12:27
I remember the last guy on here who was convinced he was gonna get a 180 bc he scored in that range on PTs
12:28
🤐
12:29
ugh someone come rub my bellly
12:33
@esoterica: he wasnt on that grindset mentality. im him
12:34
Im gonna drink so much saratoga water on test day
ParallelAgreeableOrangutan
12:43
@LawOfAchilles: (hiii sorry so slow, am at work) Bloomington is lovely, I loved it as an undergrad and as a 20something non-student.
ParallelAgreeableOrangutan
12:45
If you're outdoorsy, it's nice--obv no coasts or mountains, but two small lakes really close, lots of places you can go on a lowkey hike or camp without paying park fees or anything really
ParallelAgreeableOrangutan
12:47
super bikable, decent food to be had, things to do but not so much that you'll be distracted and never study lol. idk I'm a fan haha, I miss it
lmao I just got the LSAC notif that I'm under review at IU Maurer
ParallelAgreeableOrangutan
13:11
May you have better luck than I did :)
YAYYY JUPITER
@LawOfAchilles: if you like the outdoors, you're gonna love bloomington.
both uiowa and iu have a good reputation, especially with midwestern law firms. their alumni resources are pretty top notch too.
14:11
Hey guys, are any T14 schools doing tours during the summer?
NosyBeagle
14:24
@NemoPropheta: the lsat was free for you? lucky
14:26
who else piss on the floor during their lsat
sloth i gotta know about caesar beans
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