If the insurance covers the assured's liability to third parties, an injured third party does not have any direct claim against the insurer.
The insurer will indemnify the assured's loss as a result of liability if it has been established by:
- a final and unappealable judgment or order by a competent court,
- an arbitration award, if an agreement for a decision by arbitration had been entered into before the dispute arose or was entered into later with the insurer's consent,
- an amicable settlement approved by the insurer.
If the assured has in other cases accepted or settled a claim, the insurer shall only cover the loss if the assured proves that the claim was justified and the amount of any settlement was reasonable.