Insuring Agreement - Law Dictionary Search Results
All monies due
such amounts which have become not only due but also payable under the terms of the agreement, Life Insurance Corporation of India v. Raj Kumar Rajgarhia, (1999) 3 SCC 465.
open
: subject to further consideration [an question] d : remaining effective or available for use until canceled [an insurance contract] 4 : not repressed or regulated by legal controls [a state with gambling] vb opened open·ing vt … subject to further consideration [an question] d : remaining effective or available for use until canceled [an insurance contract] 4 : not repressed or regulated by legal controls [a state with gambling] vb opened open·ing vt 1
open perils
open perils : of, relating to, or being an insurance contract that covers all perils unless specifically excluded … open perils : of, relating to, or being an insurance contract that covers all perils unless specifically excluded
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premium
and its market price when the latter is greater compare discount 2 : the price paid for an insurance contract equal to the cost per unit times the number of units … its market price when the latter is greater compare discount 2 : the price paid for an insurance contract equal to the cost per unit times the number of units
double indemnity
double indemnity : a provision in a life insurance or accident policy whereby the company agrees to pay twice the face of the contract in case of … double indemnity : a provision in a life insurance or accident policy whereby the company agrees to pay twice
entitlement
Law Journal"] 2 : a right to benefits that is granted esp. by law or contract (as an insurance policy) NOTE: Some courts have held that entitlements are a property interest and therefore subject to procedural due … money seized "National Law Journal"] 2 : a right to benefits that is granted esp. by law or contract (as an insurance policy) NOTE: Some courts have held that entitlements are a property interest and therefore subject
equitable adoption
adoption recognized by the law in order to allow claims (as to assets in an estate or to insurance or government benefits) in cases in which there is an express or implied contract to adopt and clear … an estate or to insurance or government benefits) in cases in which there is an express or implied contract to adopt and clear evidence of an intention to adopt but no performance of the procedures required by
viatical settlement
[probably from Latin viaticum provision for a journey] : an agreement by which the owner of a life insurance policy covering a person (as the owner) with a catastrophic or life-threatening illness receives compensation for less than
Consequential damages
of profit sustained due to fire damage in a factory. It is most frequently encountered in contracts and insurance policies when its meaning is a matter of construction. When used in an exemption clause in a contract, … insurance policies when its meaning is a matter of construction. When used in an exemption clause in a contract, consequential refers to damage which is only recoverable, Hadley v. Baxendale, (1854) 9 Exch 341. See also DAMAGES.
Other additional remuneration
payable at the will of the employer and it does not refer to any remuneration payable under the contract, Wellmon (India) Pvt. Ltd. v. E.S.I.C., AIR 1994 SC 1037 (1044). [ESI Act (34 of 1948), s. 2(22)]
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