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A number of ethical issues arise for an attorney advising a client who has received a reservation of rights from a third party liability insurer. While these issues should be taken into consideration, they may not always be reviewed in practice. The advice clients usually receive is to reject the insurer panel counsel and instead have the policyholder's own attorneys appointed as independent counsel. But the policyholder client seldom understands that they often has to pick up a substantial part of the tab.
January 10, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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