health insurancereadabilitycontracts of adhesionWhile the rhetoric surrounding the passage of the Patient Protection and Affordable Care Act focused on core issues such as cost, quality, and access to care, the dialog rarely acknowledged a key problem-the fact that most Americans do not understand ...
Insurance contracts and residential leases are other kinds of adhesion contracts. This does not mean, however, that all adhesion contracts are valid. Many adhesion contracts are Unconscionable; they are so unfair to the weaker party that a court will refuse to enforce them. An example would be ...
adhesion contract- a contract that heavily restricts one party while leaving the other free (as some standard form printed contracts); implies inequality in bargaining power contract of adhesion contract- a binding agreement between two or more persons that is enforceable by law ...
Plural and Possessive Names: A Guide Why is '-ed' sometimes pronounced at the end of a word? What's the difference between 'fascism' and 'socialism'? More Commonly Misspelled Words Words You Always Have to Look Up Popular in Wordplay ...
The increasing use of a contract known as "Contracts of Adhesion" (or form-contracts) is a recent concern that emerged in contract law. This type of contract gives the ability for the stronger party to force the terms to the weaker party. Some of the examples are lease contracts, mortgage...
The better, ex ante solution is to make health insurance contracts readable in the first instance by requiring that health insurance contracts meet an eighth grade readability standard as a condition of state approval. 展开 关键词: health insurance readability contracts of adhesion ...
Examples of adhesion contracts are insurance agreements, apartment leases, subscription service contracts, etc. Advantages Can be enforced easily Provides consistency in pricing and benefits Can be executed without negotiation Promotes economic efficiency ...
Not all adhesion contracts are unconscionable, as the terms of such contracts do not necessarily exploit the party who assents to the contract. Courts, however, often refuse to enforce contracts of adhesion on the grounds that a true meeting of the minds never existed, or that there was no ...
Adhesion • Policy written by the insurance company• Contract is like glue• Insured has no input• If ambiguous (not clear), court will take the side of the insured Aleatory • Not equal value• Small premium for a large amount of coverage Utmost good faith the insured and insura...
insuranceChevronreasonable expectationscontra proferentumwrap agreementsstandardized contractspublic policycompensation injured partiesadhesionInsurance policies commonly are understood to be a species of standardized contracts. This Article challenges that conventional wisdom and argues that insurance...