Geological answer: The â¦ law of cross cutting relationships states that an igneous intrusion or fault that cuts across another rock stratum must be younger than said stratum.
Who Is an InsuredâSection II. Identifying those receiving protection as an insured person or organization under the 2001 Insurance Services Office, Inc. (ISO), commercial general liability policy is relatively straightforward. Section II of the CGL policy, entitled âWho Is an Insured,â is divided into four sections and lists each person or organization that receives insured status and the activities for which each is insured.
Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for money. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss.An insurer, or insurance carrier, is selling the insurance; the insured, or policyholder, is the person or entity buying the insurance policy. Earthquake insurance is a form of property insurance that pays the policyholder in the event of an earthquake that causes damage to the property. 2  Most ordinary home insurance policies do not cover earthquake damage. 3  Earthquake insurance policies generally feature a high deductible.