Claims Made Policy - Law Dictionary Search Results
claims made policy
claims made policy : an insurance policy providing coverage only for claims that
occurrence policy
even if the discovery or claim is made later compare claims made policy
discovery policy
discovery policy : claims made policy
reserve
the difference in value between the net premiums and assumed claims for a given year in life insurance unearned premium reserve … reserve representing the discounted value of future payments to be made on losses which may have already occurred policy reserve :
claim
claim [Old French, from clamer to call, claim, from Latin clamare … see also proof of claim 4 : a formal assertion made by an applicant for a patent of the novelty and … contractual payment (as under an insurance policy) b : a paper embodying such
Any person
of power so that the executing court could adjudicate the claim made in any application. Thus by use of words 'any … class of cases where gratuitous passengers for whom no insurance policy was envisaged, and for whom no insurance premium was paid,
Insurance
property is abandoned to the insurer, and the value insured claimed from him, he retaining the property so abandoned. See CON-STRUCTIVE … is clear gain. The instrument by which the contract is made is called a policy; the stipulated consideration, a premium. As
Trust
there is a resulting trust for the donor or those claiming under him, and the donee can claim nothing beneficially, nothing … any subsequent acknowledgment of the trustee, however informally or indirectly made, as by a letter under his hand, by his statement … its purpose do not contravene the policy of the law, or the principles
trust
his or her estate NOTE: A power of appointment trust made in accordance with Internal Revenue Code section 2056(b)(5) qualifies for … to avoid an inequitable result or to prevent fraud individual policy pension trust : an insurance trust created as a retirement
Consideration
Consideration. Any act of the promisee (the person claiming the benefit of an obligation) from which the promisor (the … may, in such case, sue immediately after the promise is made. (c) Mutual promises are concurrent considerations, and will support each … upon a transaction which violates public policy or morality:'as a contract to commit,
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