Punitive definition
Examples of Punitive in a sentence
Punitive damages (i.e. damages intended to punish a party for its outrageous conduct) are specifically excluded.
Punitive or Exemplary Damages coverage equal to that which is provided to BSA entities.
Punitive, liquidated or indirect damages shall not be awarded by the arbitrator unless such damages would be awarded by a court of competent jurisdiction applying the relevant law.
The Reinsurer will not participate in Punitive Damages or Compensatory Damages that are awarded against the Ceding Company as a result of an act, omission, or course of conduct committed solely by the Ceding Company, its agents, or representatives in connection with claims covered under this Agreement.
Punitive and consequential damages shall not be permitted as an award and each party shall bear the fees and expenses of its own counsel and expert witnesses.
Punitive damages exclusion, if any, must be deleted (and the deletion indicated on the certificate of insurance), unless (a) insurance coverage may not lawfully be obtained for any punitive damages that may arise under this Agreement, or (b) all punitive damages are prohibited by all states in which this Agreement will be performed.
For purposes of this Agreement, Extra Contractual Obligations includes Punitive Damages, Compensatory Damages, Statutory Penalties and any other damages or penalties other than or in addition to payment of policy benefits.
The foregoing terms are defined as follows: "Punitive Damages" are those damages awarded as a penalty, the amount of which is neither governed nor fixed by statute.
Punitive damages exclusion, if any, must be deleted (and the deletion indicated on the certificate of insurance), unless (a) insurance coverage may not lawfully be obtained for any punitive damages that may arise under this agreement, or (b) all punitive damages are prohibited by all states in which this agreement will be performed.
Punitive or Exemplary Damages, fines or penalties assessed against or imposed upon any Member; or any payments in excess of the benefits regularly required by the Workers’ Compensation Law because of serious or willful misconduct of the Member, or because the Member failed to comply with any health or safety law or regulation.