A corporation has the power to waive uninsured motorist coverage inthe policy that covers its workers, the 3rd U.S. Circuit Court ofAppeals has ruled.
In his six-page opinion in Travelers Indemnity Co. v.DiBartolo, Chief U.S. Circuit Judge Edward R. Becker found thatwhile the Motor Vehicle Financial Responsibility Law supports broadcoverage, “it also reflects a public policy to control escalatinginsurance costs, which would be thwarted if corporations could notreject UM coverage.”
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