Restitution of fees

{
  "id": "MLC-T-INS-002920",
  "term": "Restitution of fees",
  "field": "Insurance and risk management",
  "definition": "A remedy requiring a party to repay fees it collected, such as a lawyer or consultant ordered to return fees paid for deficient services. Professional liability policies commonly exclude claims seeking the return of fees, since refunding fees is treated as a business cost rather than damages. The UK market calls the same carve-out a fee refund exclusion.",
  "url": "https://mlchart.com/terminology/insurance/restitution-of-fees/"
}