A loss payable clause is an endorsement where an insurer pays a third party for a loss in lieu of the named insured or beneficiary.
401(k) Plan ; Abandonment ; Absolute Assignment ; Absolute Liability ; Accelerated Death Benefit ; Accident ; Accidental Death Benefit ; Accounting ; Accounting Rate of Return ; Accounting System
Abandonment · A clause in property insurance policies prohibiting the insured from abandoning damaged property to the insurer for repair or disposal. Arranging for repair or disposal is the insured's responsibility, unless the insurer elects otherwise. Accident · In general, an unplanned, unexpected, and undesigned (not purposefully caused) event which occurs suddenly and causes (1) injury or loss, (2) a decrease in value of the resources, or (3) an increase in liabilities. As a technical te...
this insurance, the burden of proving that such loss, OPERATIVE CLAUSE GENERAL EXCLUSIONS - 5 - destruction or damage is covered shall be upon the insured. (d) (ⅰ) permanent or temporary...
1980 Bulletins ; Bulletin No. 80-19 · Informational Statement on Homeowner Rate Filings as Part of Rate Clarification any Geographic Territory Other Than Entire State of Michigan (Rescinded by Bulletin Dated 11-9-90) ; Bulletin No. 80-18 · Auto Insurance Underwriting Rules (Superseded by Bulletin 81-14) ; Bulletin No. 80-17 · Home Insurance Underwriting Rule (withdrawn 12/6/12)
A loss payee clause (or loss payable clause ) is a clause in a contract of insurance that provides, in the event of payment being made under the policy in relation to the insured risk, that...
Package Insurance Policy - 1 - OPERATIVE CLAUSE WHEREAS THE INSURED named in the Master... other insurance covering the same loss, damage or liability, the Insurers shall not be liable to...
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ICC INSTITUTE CARGO CLAUSES 협회적하약관 INSTITUTE CARGO CLAUSES (1982) 협회적하약관(1982)RISKS COVERED 담보위험Risks Clause - ICC(A) 위험약관 - ICC(A)1 This insurance covers all risks of loss of or damage to the subj...
No-Fault Auto Insurance Reform in Michigan: An Initial Assessment April 3, 2023 Patricia Born... average loss cost (total claim costs divided by the number of insured vehicles) for PIP...