Interpleader

System of settling an insurance claim in which the insurance company pays the policy proceeds to a court because the insurer is not able to determine to whom the proceeds should be paid and asks the court to decide.
***
A legal procedure whereby if more than one person lays claim to property the party, such as the insurer, who is liable to one or the other, may ask the court to decide which.

Leave a Reply

Your email address will not be published. Required fields are marked *