Life & Health · Chapter 3 · Contract Law

Estoppel

Definition

A legal bar that prevents the insurer from denying what its agent led an insured to reasonably rely on. Often the result of a waiver.

Exam tip

All 4 required: agent's statement (within authority) → client relies → claim/denial occurs → client suffers financial harm.

Easy to confuse with

These are what this term gets tested against — if you can't tell them apart cold, drill the contrast.