Insurant - Law Dictionary Search Results
Insurance transactions
Insurance transactions, is broad enough in principle to include the provision of insurance cover by a taxable person who is not himself an insurer but, in the context of a block policy, procures such cover for his customers by making use of the supplies of an insurer who assumes the risk insured, Card Protection Pland v. Customs Comrs. (E.C.J.), (1999) 3 WLR 203....
additional insured
additional insured An individual or entity who is not specifically named as an insured within the policy itself, but for whom attachments, known as endorsements, to the policy provide a degree of protection. In some states, an additional insured can be treated differently from an additional named insured, who is an additional insured who is actually named within the policy itself and to whom all of the rights and responsibilities of the policy apply. ...
Blanket insurance
Blanket insurance, is the insurance under which all of the members of a class or group are covered but are not named; insurance under which property of more than one type or at more than one location is covered, Webster's Dictionary of Law, Indian Edn. (2005), p. 53.Means insurance under which all of the members of a class or group are covered but are not named, Webster's Dictionary of Law, Indian Edn. (2005), p. 53....
Composite insurer
Composite insurer, means an insurer carrying on in addition to controlled business any other kind of insurance business. [Life Insurance Corporation Act, 1956 (14 of 1957), s. 2 (2)]...
Insured deposit
Insured deposit, 'insured deposit' means the deposit or any portion thereof the repayment whereof is insured by the corporation under the provisions of this Act. [Deposit Insurance and Credit Guarantee Corporation Act, 1961 (47 of 1961), s. 2(j)]...
Interim Insurance Regulatory Authority
Interim Insurance Regulatory Authority, 'Interim Insurance Regulatory Authority' means the insur-ance regulatory authority set up by the Central Government through Resolution No. 17(2)/94-Ins.- V, dated the 23rd January, 1996. [Insurance Regula-tory and Development Authority Act, 1999 (44 of 1999), s. 2(1) (e)]...
Life insurance business
Life insurance business, the definition of 'life insurance business' given in s. 2(11) of the Insurance Act, 1938 clearly includes, by a deeming provision, the business of granting of annuities upon human life within the expression 'life insurance business', Commissioner of Wealth Tax v. Yuvraj Amrinder Singh, AIR 1986 SC 959: (1985) 4 SCC 608: (1985) Supp 3 SCR 565....
Other-insurance clause
Other-insurance clause, means an insurance-policy provision that attempts to limit coverage if the insured have other coverage for the same loss. The three Major other-insurance clauses are the pro rata clause, the excess clause, and the escape clause, Black's Law Dictionary, 7th Edn., p. 1128....
Re-insurance or Re-assurance
Re-insurance or Re-assurance, a contract by which a first insurer relieves himself from the risks which he has undertaken, and devolves them upon other insurers, called re-insurers or re-assurers....
self-insure
self-insure : to insure by self-insurance (as in workers' compensation) [an employer wishing to its liability "Pennsylvania Statutes"] vi : to use self-insurance [a governmental agency that s] self-in·sur·er n ...
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