definition of insuring agreement
7098cb6a234ea48448ddd0479fe95ba1
insuring agreement Legal Definition of insuring agreement. : the part of an insurance policy setting out in basic terms what the policy covers.
185617249666a0e3bc66fe02c4d0b772
- Learning the Definitions. 1  1. Use assure when someone is being convinced. Assure means to tell someone with confidence, removing doubt.. 2  2. Use ensure when something is being guaranteed. Ensure means to make certain that something will happen.. 3  3. Use insure when dealing with financial insurance.
c4ff34feb4816a124aeb3c92bc2bc970
George Boedecker Todd Snider George Boedecker Net Worth is $100 Million. George Boedecker net worth: George Boedecker's net worth is $100 million dollars. George Boedecker co-founded the Crocs shoe line in 2002. The company, which began producing foam clogs using a design cre. Crocs, Inc. is a shoe manufa...
5524f368f14a50c8f5ba74655644d3ad
liquidated damages The usage of ensure vs. insure is very important from a contractual perspective, while they sound very similar they can have very different meanings in a legal context. Insure means to safeguard against loss or damage, typically through the ... Read more
5a6a92084cad7e68667bcffc88efc1c3
- insurance noun [U]. B2 an ​agreement in which you ​pay a ​company ​money and they ​pay ​your ​costs if you have an ​accident, ​injury, etc.: ​life/​health/​car/​travel insurance I'll need to take out ​extra ​car insurance for another ​driver. The insurance doesn't ​cover you for (= ​include) ​household ​items.
73ff49f38c1f12ff454b8fa064ac8d69
What is a Funding Agreement? comments. A funding agreement is a type of investment that is offered by insurance companies and is considered to be a safe investment. This type of investment is also sometimes referred to as a guaranteed investment contract.ith a funding agreement, you agree to give an insurance company a certain amount of money as principle for the investment. You also agree to let them keep the money for a specific amount of time.
174ecf286951bd39f07ec940756fb4d3
- Endorsements are documents attached to an insurance contract that amend the policy in some way. This article explains the functions they serve. Endorsements are documents attached to an insurance contract that amend the policy in some way.
2b453165b378fa1fd4024582dafd7497
Insuring Clauses For example, an Insuring clause that states that the policy will not cover something; this is not helpful because exclusions are better kept under one part of the policy for ease of reference. Where the insurance policy includes two or more distinct types of cover the Insuring Clause may be divided into two or more Insuring Clauses each dealing specifically with each aspect of cover. For example:
3acfd8ccedb36cf2f765e015c71f49fa
insurance When insurance takes the form of a contract in an insurance policy, it is subject to requirements in statutes, Administrative Agency regulations, and court decisions. In an insurance contract, one party, theinsured, pays a specified amount of money, called a premium, to another party, the insurer. The insurer, in turn, agrees to compensate the insured for specific future losses. The losses covered are listed in the contract, and the contract is called a policy.
3a246e03b8cc4a3b01e25e51db70116d
- 1 The third insuring agreement of the Directors and Officers Liability Insurance policy is Entity Liability Coverage. 2  This part covers the Organization for a covered loss in which the Organization becomes legally obligated to pay on account of any claim first made against the organization.
33abfe939a966b475d9957a21b442aba
10 Contract Clauses Insuring Agreement. In consideration of the application for insurance and payment. of the appropriate premium, and subject to the terms, conditions, limitations, exclusions and other provisions of. this policy, we will pay the reasonable and customary costs for. eligible expenses incurred during the period of coverage while.
cec87d7d2f84c924d05f01973fcedfa8
- Save. contract 20309 image by pablo from Fotolia.com. An insurance contract is a legal agreement that spells out the responsibilities of both the insurance company and the insured, as well as the specific conditions of coverage and the policy term and cost.he insured must be of sound mind and of legal age, and the insurance provider must conform to any licensing requirements of the state in which the insurance is offered. Legal purpose means that the contract is invalid if it insures or encourages illegal activities.
bec24fc872b3ba1ffc4a7dfa16d5d933
- By: Jeffrey Glen. The usage of ensure vs. insure is very important from a contractual perspective, while they sound very similar they can have very different meanings in a legal context. Insure means to safeguard against loss or damage, typically through the purchase of insurance to do so.
c8890cb5303bbd4b25dc46dfc84ee4b5
Security Agreement DEFINITION of 'Security Agreement'. A document that provides a lender a security interest in a specified asset or property that is pledged as collateral. In the event that the borrower defaults, the pledged collateral can be seized and sold. A security agreement mitigates the default risk the lender faces. Next Up.
768feaafb3d36cbe22002dc15a21d037
Insurance Insurance is a means of protection from financial loss. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. An entity which provides insurance is known as an insurer, insurance company, or insurance carrier. A person or entity who buys insurance is known as an insured or policyholder.
7e71b159b6c829d5e6cf55bb3ef8c302
insure Definition of insure for English Language Learners. : 1  to buy insurance for (something, such as property or health) : 2  to provide insurance for (something, such as property or health); also : to provide (someone) with insurance. : 3  to make (something) sure, certain, or safe.
e474479d5a28090a214d4d68ff10b0f0
Insurance policy The insurance policy is generally an integrated contract, meaning that it includes all forms associated with the agreement between the insured and insurer. In some cases, however, supplementary writings such as letters sent after the final agreement can make the insurance policy a non-integrated contract.
884cf53be4e11ad55e7502348a03e190
- Insurance contracts are contracts of adhesion, which means they are offered on a take it or leave it basis. The insurance company draws up the contract, which only becomes mutually binding when the buyer makes an offer by accepting the terms or mailing in the first payment.he insured must be of sound mind and of legal age, and the insurance provider must conform to any licensing requirements of the state in which the insurance is offered. Legal purpose means that the contract is invalid if it insures or encourages illegal activities.
67723f6b12f3f9c0a1b56b5f2b7e693d
Insured n. 1) the person or entity who will be compensated for loss by an insurer under the terms of a contract called an insurance policy. 2) the person whose life is insured by life insurance, after whose death the benefits go to others. (See: insurance) See: agreed, definite, fully secured, official, safe, secure.
ff022da3c3c2339a8f56daa8c4f3359b
warranty A warranty in an insurance policy is a promise by the insured party that statements affecting the validity of the contract are true. Most insurance contracts require the insured to make certain warranties.. An implied warranty is one which, not being expressly made, the law implies by the fact of the sale; for example, the seller is, understood to warrant the title of goods be sells, when they are in his possession at the time of the sale; Ld. Raym. 593; 1 Salk..
64d2361a2f6a6d8ce4c2df3884107e80
insurance AGENCY CONTRACT. a contract that is held between an insurer and agent producer, containing the expressed authority given to the agent/producer, and the duties and irresponsibility to the principal and agent who is in violation of the agent contract may be held personal liable to the insurer.
d33f73a3a5786a9e62b2b56c054a2d12
Insurance policy From Wikipedia, the free encyclopedia. In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the insured, known as the policyholder, which determines the claims which the insurer is legally required to pay.
495905251ce48e5ffcd786dde1f5c638
Assure vs. Ensure vs. Insure A more complete definition of insure would be to protect from loss, not only to cover with an insurance policy, while ensure is to make certain. The use by the NRA is correct. I can assure you, that I have ensured compliance to D.O.T regulations by insuring my vehicle.
17eb87036ed60eda954d74e193a88d10
Insurance and the Sanctions Clause Some clauses are worded so as to provide insurers with a right to terminate the contract (a.) should the insurance be rendered illegal by sanctions or (b.) should the Insured expose the Insurer to a risk of being subject to any sanctions.he contract of insurance was a composite policy of marine insurance covering hull and machinery risks on the NITC fleet of Iranian oil tankers, and the co-assured included a Cypriot operating company, Arash Shipping Enterprises Co. Ltd, which was owned or controlled by Iranian nationals.
595fdef97f14a29fe14fd979ac13c26a
"Definition of ""Waiver of subrogation rights clause""" Waiver Of Subrogation Rights Clause. Definition of Waiver of subrogation rights clause. Endorsement to a property liability policy whereby an insurer gives up the right to take action against a third party for a loss suffered by an insured. Typically, under terms of the subrogation clause, the insurer, having paid an insured for a loss, takes over any rights possessed by the insured who has suffered the loss. For example, an insured, John Smith, is hit by another car while he is driving.
fd17c9f3147e6700bc3534c31986d195
- DEFINITION of 'Endorsement'. 1. A legal term that refers to the signing of a document which allows for the legal transfer of a negotiable from one party to another.2. An attachment to a document that amends or adds to it. Typically, it is an added provision to an insurance policy. Also referred to as a rider. legal term that refers to the signing of a document which allows for the legal transfer of a negotiable from one party to another. 2. An attachment to a document that amends or adds to it. Typically, it is an added provision to an insurance policy. Also referred to as a rider.