Insurance Limitation - Law Dictionary Search Results
With any limited liability and in force
before the commencement of the new Act. The words are not employed to limit the liability of an insurance company to the amount specified in the policy by virtue of the provisions of s. 95(2) of the … With any limited liability and in force, the phrase means a statutory policy under the old Act with the limit prescribed
Limited liability
of shares held, have also long been found (though not universally) in the charters of incorporated banks and insurance companies. Companies Acts.--Under the Companies Acts, limited liability means that the members are not liable beyond the unpaid-up … have always limited the liability of each shareholder to the amount of the shares held by him. Similar limitations, extending in some cases to double the amount of shares held, have also long been found (though not
underinsurance
underinsurance 1 : insufficient insurance 2 : insurance coverage protecting usually against uninsured or underinsured motorists by compensating the insured if the tortfeasor's … insurance coverage protecting usually against uninsured or underinsured motorists by compensating the insured if the tortfeasor's liability policy limits fall short of the insured's losses : insurance providing uninsured motorist coverage
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Other-insurance clause
Matched in: Term Other-insurance clause
no-fault
no-fault 1 : of, relating to, or being a motor vehicle insurance plan under which someone injured in an accident is compensated usually up to a stipulated limit for esp. … motor vehicle insurance plan under which someone injured in an accident is compensated usually up to a stipulated limit for esp. actual losses (as for property damage, medical bills, and lost wages) by that person's own insurer
pro rata clause
pro rata clause : a clause in an insurance policy limiting an insurer's liability for a loss to a proportionate share in relation to coverage collectible from … pro rata clause : a clause in an insurance policy limiting an insurer's liability for a loss to a proportionate share in relation to coverage collectible from other insurers
Unclaimed property
applies to capital stock (but see Re Artisans, etc., Corporation), and in 1884, in Crawford v. Royal Exchange Insurance Corporation (see Times of April 29, 1884), stock on which no dividend had been paid since 1749 was … provision in Table A to the Acts of 1908 and 1929. Dividends are barred by the Statute of Limitations at the end of twenty years [Re Artisans, etc., Corporation, (1904) 1 Ch 796]. No period of limitation
Ship
Anderson, LR 1 CCR 161. The liability of shipowners (who are liable at common law, if carriers, as insurers of goods) is limited by s. 503 of the Merchant Shipping Act, where there has been no actual … between some place or places in the United Kingdom, and some place or places situate beyond the following limits: that is to say, the coasts of the United Kingdom, the Channel Islands and the Isle of Man,
um
um Shorthand for "uninsured motorist," or those motorists who do not have any automobile insurance. UM coverage protects insureds, up to the limit of their policies, against bodily injury losses caused by a … motorist," or those motorists who do not have any automobile insurance. UM coverage protects insureds, up to the limit of their policies, against bodily injury losses caused by a negligent motorist who has not obtained insurance coverage.
unemployment insurance
Matched in: Term unemployment insurance
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