Insurance Limitation - Law Dictionary Search Results
interest
destruction of the property or the death of the person and that is a requirement for enforcing an insurance contract NOTE: The purpose of requiring an insurable interest is to prevent the use of insurance as a … performed called also expectancy interest compare reliance interest in this entry future interest : an interest in property limited or created so that its owner will come into the use, possession, or enjoyment of it at some
frisk
for the purpose of finding concealed weapons compare search NOTE: The purpose of frisking a suspect is to insure the safety of an officer making an investigation against concealed weapons, not to uncover evidence. The officer must … and must have a reasonable suspicion that the suspect is armed. The scope of the frisk must be limited to the discovery of weapons. frisk n
uim
uim Shorthand for "underinsured motorist," or those fellow motorists whose automobile insurance maximum is insufficient to cover a specific loss. UIM pays you, or those people covered under your policy, … that does not fully compensate you for your losses. The maximum of a UIM recovery is your policy limit.
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Collector
s. 4 (6)] Means the Collector having jurisdiction over the area in which the accident occurs. [Public Liability Insurance Act, 1991 (6 of 1991), s. 2 (b)] The expression means the Collector of a district, and includes … under this Act. [Land Acquisition Act, 1894 (10 of 1894), s. 3 (c)] Collector,-- (a) means, within the limits of the towns of Calcutta, Madras and Bombay, the Collector of Calcutta, madras and Bombay, respectively, and, without
title
title is vested in another [the purchaser under a contract for sale had equitable title to and an insurable interest in the property] ;specif : the right to receive legal title upon performance of an obligation good … certain land with the permission of the United States government [appears to be no question that Congress may limit or extinguish Indian title, and any rights appurtenant to the title, without obtaining the consent of the Indian
fund
paid-in fund : a reserve cash fund in lieu of a capital stock account set up by mutual insurance companies to cover unforeseen losses sink·ing fund : a fund set up and accumulated by regular deposits for … in the stock of growth companies hedge fund : an investing group usually in the form of a limited partnership that employs speculative techniques in the hope of obtaining large capital gains index fund : a mutual
Company
Company. A company has its origin either (1) in a charter, as the Bank of England and many insurance companies; or (2) in a special Act of Parliament, with which, as authorizing an undertaking of a public … the registrar shall certify under his hand that the company is incorporated and, in the case of a limited company, that the company is limited. (2) From the date of incorporation mentioned in the certificate of incorporation,
Husband and wife
agent of necessity, to pledge his credit for necessaries suitable to her position in life. A policy of insurance taken out by a husband in his wife's name under the Married Women's Property Act, 1882, is the … he was liable in respect of his wife's torts committed during covertures, and the aggrieved party was not limited in his remedy to the wife's separate estate, Earle v. Kingscote, (1900) 1 Ch 203, but the husband's
Bill of Exchange
sum of money to a certain person. It involves a promise that such money would be paid, National Insurance Co Ltd. v. Seema Malhotra, AIR 2001 SC 1197 (1200): (2001) 3 SCC 151. Bill of exchange, is … CHEQUE; NEGOTIABLE INSTRUMENTS; PROMISSORY NOTES PROTEST; NOTE A BILL, TO; INCHOATE. Includes a hundi and a cheque. [The Limitation Act, 1963 (36 of 1963), s. 2 (c)] Means a bill of exchange as defined by the Negotiable
Contract
IMPLIED CONTRACT.) Contract, which provides that the price includes the cost of the goods, the freight and the insurance premium for the transit, Halsbury's Laws of England, Vol. 3(1), para 253, p. 210. Contracts may be classified … & 46 Vict. c. 61), s. 17, Copyright Act, 1911. Acknowledgements of debt barred by the Statute of Limitations. Representations as to credit, 9 Geo. 4, c. 14, s. 1; (English) Guarantee, Mercantile Law Amendment Act, 19
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