Insuring Agreement - Law Dictionary Search Results
umpire
under the terms of a labor agreement c : one appointed to mediate between the appraisers of an insured and insurer in order to determine the amount of a loss
standard mortgage clause
standard mortgage clause : a mortgage clause that is usually considered to form a separate contract between the insurer and mortgagee under which the mortgagee can collect payment even if the policy is void or voidable with … standard mortgage clause : a mortgage clause that is usually considered to form a separate contract between the insurer and mortgagee under which the mortgagee can collect payment even if the policy is void
bind
a : to make responsible for an obligation (as under a contract) [agents have the power to the insurer "R. I. Mehr"] b : to burden with an obligation [prevented married women from ing their property "J. … bind bound [band] bind·ing 1 a : to make responsible for an obligation (as under a contract) [agents have the power to the insurer "R. I. Mehr"] b : to burden with an obligation [prevented
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omnibus clause
omnibus clause 1 : a clause in a will, decree, or security agreement that stipulates the disposition or status of property not specifically named 2 : a clause in a vehicle … that stipulates the disposition or status of property not specifically named 2 : a clause in a vehicle insurance policy that provides coverage for those who use the vehicle with the express or implied permission of the
policy
judiciary [obligated to consider legislative on the matter in their decision] n pl: -cies : a contract of insurance ;also : the written instrument of such a contract … of the judiciary [obligated to consider legislative on the matter in their decision] n pl: -cies : a contract of insurance ;also : the written instrument of such a contract
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 … to be the owner of property even though legal 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
credit enhancement
credit enhancement a method used by a lender to reduce default of a loan by requiring collateral, mortgage insurance, or other agreements. Source: U.S. Department of Housing and Urban Development … method used by a lender to reduce default of a loan by requiring collateral, mortgage insurance, or other agreements. Source: U.S. Department of Housing and Urban Development
binder
binder 1 : a temporary insurance contract that provides coverage until the policy is issued 2 : a receipt for money paid to the … binder 1 : a temporary insurance contract that provides coverage until the policy is issued 2 : a receipt for money paid to the owner
discovery
by the opposing party in an action [a party may obtain of the existence and contents of any insurance agreement "Federal Rules of Civil Procedure Rule 26(b)(2)"] see also privilege, work product doctrine NOTE: Discovery allowed under
exclusion
orders] compare deportation 2 : something that excludes or is excluded: as a : a part of an insurance contract that excludes specified risks from coverage compare condition, declaration b : an amount that is excluded from … compare deportation 2 : something that excludes or is excluded: as a : a part of an insurance contract that excludes specified risks from coverage compare condition, declaration b : an amount that is excluded from tax
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