We occasionally receive inquiries from members regarding the differences between additional. insureds and additional named insureds under liability insurance policies. This document is. intended to address some of the major differences. Additional Insureds. Generally, additional insured status is required by an individual or entity when a named insured. has agreed to indemnify that party in a contract (e.g., customers or owners of property leased by. the named insured).
Effective Date. The start date of an insurance policy, or the date on which the protection of an insurance policy or bond goes into effect. Find the best companies and lowest rates. Please wait while we find the best Insurance options for you.
While the regulation as adopted by the European Union sets the effective date one day before the IASB effective date with the standard being effective at the latest, as from the commencement date of the financial year starting after that date (EU effective date). We deem the two effective dates to be equivalent. 1 IFRS adopted by the European Union 1. Published International Financial Reporting Standards The table below provides an overview of the status of the endorsement process of the EU of IFRS that have been published by 21 December 2011.