Equitable estoppel

{
  "id": "MLC-T-INS-001339",
  "term": "Equitable estoppel",
  "field": "Insurance and risk management",
  "definition": "A legal doctrine that prevents a party from asserting a claim or right that contradicts a previous statement or action, especially if another party has reasonably relied on that statement or action to their detriment. In insurance, it can prevent an insurer from denying coverage if their past conduct led the insured to believe coverage existed. This doctrine is based on fairness and preventing injustice.",
  "url": "https://mlchart.com/terminology/insurance/equitable-estoppel/"
}