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To: Thomas A Watson who wrote (253608)5/8/2002 1:08:34 PM
From: gerard mangiardi  Read Replies (1) | Respond to of 769670
 
Every insurance policy has statutory limits.

No you keep missing it. Insurance policies have limits depending on the amount of coverage you want to purchase. There are no statutes that limit the amount of damages that may be awarded in a tort action. Statutory limits are only legislated when the potential damages go beyond what any insurer may want to cover and are not the rule.