Compensatory Damages definition

Compensatory Damages are those amounts awarded to compensate for the actual damages sustained, and are not awarded as a penalty, nor fixed in amount by statute.

Compensatory Damages means damages due or awarded in payment for actual injury or economic loss. "Compensatory damages" does not include punitive or exemplary damages or the multiple portion of any multiplied damage award.

Compensatory Damages means damages due or awarded in payment for actual injury or economic loss. “Compensatory damages” does not include punitive or exemplary damages.

Examples of Compensatory Damages in a sentence

• 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.

• Compensatory Damages (Private)Punitive Damages (Public)Fault-based Liability (Private) Punitive & deterrent functions Split-recovery schemes Bifurcation/trifurcation of trials Clear-and-convincing evidence Constitutional requirements (Public)Plaintiff's claim required Award accrues to plaintiffCompensatory damages required Punitive damages discretionary "No third-party harm" rule Reprehensibility of conduct required(Private)Figure 2 III.

• 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.

• This exclusion does not apply to liability for Compensatory Damages that the Insured would have in the absence of the contract or agreement.

• For the purposes of this Agreement, "Extra-Contractual Obligations" shall mean any Punitive Damages, Compensatory Damages, or Statutory Penalties, as defined below, paid or payable by the Ceding Company as a result of an action arising under, relating to, or in connection with a Contest: "Punitive Damages" are those damages awarded as a penalty, the amount of which is neither governed nor fixed by statute.

More Definitions of Compensatory Damages

Compensatory Damages. ’ means objectively

Compensatory Damages means all damages for which an owner or operator may be liable including, without limitation, bodily injury or property damage. This term does not include punitive damages or the costs of litigation, which shall not be limited to attorney or expert witness fees. This definition shall apply to any pending third-party claim which has not been reduced to judgment as of April 7, 2003.

Compensatory Damages means damages intended to make good

Compensatory Damages means damages (including prejudgment interest) due or awarded in payment for actual injury or economic loss. “Compensatory damages” does not include punitive or exemplary damages or the multiple portion of any multiplied damage award.

Compensatory Damages. ’ means damages awarded

Compensatory Damages are those amounts awarded to compensate for the actual damages sustained and are not awarded as a penalty, nor fixed in amount by statute If the REINSURER declines to be party to the contest, compromise, or litigation of a claim, it will pay its full share of the amount reinsured, as if there had been no contest, compromise, or litigation, and its proportionate share of covered expenses incurred to the date it notifies the CEDING COMPANY it declines to be a party.

Compensatory Damages means damages due or awarded in payment for actual injury or economic loss.