Archaic term for any X12 standard that has been approved since the most recent release of X12 American National Standards. The current equivalent term is X12 standard.
Insurance Encyclopedia
Dram Shop Exclusion
An exclusion in liability insurance policies for liability resulting from distribution of alcoholic beverages.
Dram Shop Law for Liability Legal
Liquor liability laws are called dram shop laws. They provide that a person serving someone who is intoxicated or contributing to the intoxication of another person may be liable for injury or damage caused by the intoxicated person.
Dram shop laws
State laws pertaining to selling and serving alcoholic beverages and the public liability these activities may entail. Also called alcoholic beverage control (ABC) laws.
Dram shop laws (Legal Terminology)
A liability law that applies to serving alcohol or otherwise contributing to another person’s intoxication. Any person engaged in either activity could be found liable for the injuries sustained by the intoxicated person, or the damages they cause.
Dram shop liability insurance
See: Liquor liability insurance.
Dram shop liability insurance (Liability)
Insurance that covers the proprietors of a business that serves alcohol. The insurance protects them from being liable for accidents caused by customers who became intoxicated inside the establishment.
Dram Shop Liability Insurance for Liability Insurance
A form of insurance contract that protects the owners of an establishment in which alcoholic beverages are sold against liability arising out of accidents caused by intoxicated customers who have been served or sold the alcoholic beverages.
Dramshop Law
Law that imputes negligence to the owner of a business that sells liquor in the case that an intoxicated customer causes injury or property damage to another person. Usually excluded from general liability policies.
DRAMSHOP LIABILITY
Dramshop liability laws are state laws that impose liability upon businesses that serve alcohol to people who are intoxicated and who then leave the establishment and cause injury or property damage to someone else. For example, if a bartender serves alcohol to an obviously drunk customer who then gets in his or her car and causes an accident, the other party to the accident can not only sue the drunk driver for damages but the bar that served the driver as well. The extent to which the bar is responsible varies from state to state. (See Liquor Liability).