Insuring Agreement - Law Dictionary Search Results
no-action clause
no-action clause : a clause in an insurance contract providing that the insurer does not have to pay unless and until a judgment against the insured … no-action clause : a clause in an insurance contract providing that the insurer does not have to pay unless and until a judgment against the insured is
multiple-line insurance
multiple-line insurance : an insurance contract that provides coverage against multiple perils (as liability and loss of property) … multiple-line insurance : an insurance contract that provides coverage against multiple perils (as liability and loss of property)
D'Oench doctrine
doctrine] : a doctrine in banking law: a party (as a borrower or guarantor) cannot assert an unrecorded agreement with a failed bank against attempts by the federal insurer (as the Federal Deposit Insurance Corporation) or its … D'Oench doctrine [from D'Oench, Duhme & Co., Inc. v. Federal Deposit Insurance Company, 315 U.S. 447 (1942), the Supreme Court case establishing the doctrine] : a doctrine in banking law:
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Re-assurance
Re-assurance, a contract that a first insurer enters into to release himself wholly or in part from a risk which he has undertaken by throwing … which he has undertaken by throwing it upon some other insurer. Re-assurance is not to be confounded with double insurance.
Valued policy
which the sum at which the subject of the policy is insured is expressed (having been fixed by agreement between the parties), and so the value in case of loss need not (as a general rule) be … Valued policy, a policy of insurance in which the sum at which the subject of the policy is insured is expressed (having been fixed
identify
Commercial Code, once goods are identified to a contract, the buyer has a special property interest and an insurable interest in the goods. This gives the buyer the right to seek damages and other relief. This identification … the identity of [ing the suspect] 3 : to specify or designate (goods) as the object of a contract used in the phrase identify to the contract [the disputed beans were goods identified to the contract] NOTE:
coverage
coverage 1 : protection or indemnification by an insurance policy [the policy provides extensive against burglary] 2 : a risk assumed by the terms of an insurance … policy [the policy provides extensive against burglary] 2 : a risk assumed by the terms of an insurance contract [the policy lists four s: liability, medical payments, uninsured motorists, and physical damage]
mortgage clause
mortgage clause : a clause in an insurance contract (as for fire insurance) that entitles a named mortgagee to be paid for damage or loss to … mortgage clause : a clause in an insurance contract (as for fire insurance) that entitles a named mortgagee to be paid for damage or loss to the
retrocession
(as jurisdiction) 3 a : the process by which all or part of the risks assumed in an insurance contract are reassigned or ceded by a reinsurer to another insurance company b : the amount reassigned or … jurisdiction) 3 a : the process by which all or part of the risks assumed in an insurance contract are reassigned or ceded by a reinsurer to another insurance company b : the amount reassigned or ceded
Leave
SCR 1278. (Contract Act, 1872, s. 27) It means any kind of leave recognised by the Employees' State Insurance Corporation (Staff and Conditions of Service) Regulations, 1959. [Employees' State Insurance Corporation (General Provident Fund) Rules, 1995, R.
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