Occurrence Policy - Law Dictionary Search Results
occurrence policy
occurrence policy : an insurance policy that provides coverage for an event
claims made policy
filed during the policy period called also discovery policy compare occurrence policy
Accident occasioned by negligence
ordinary prudence would not have taken precautions to prevent its occurrence. In policies of insurance against accident the meaning of 'accident' … would not have taken precautions to prevent its occurrence. In policies of insurance against accident the meaning of 'accident' depends on
Actus reus
sufficiently harmful it prohibits it and seeks to prevent its occurrence by imposing a penalty for its commission. It has long … a 'deed', a physical result of human conduct. When criminal policy regards such a deed as sufficiently harmful it prohibits it
interest
: a future interest whose vesting is dependent upon the occurrence or nonoccurrence of a future event compare vested interest in … sufficient stock ownership in a corporation to exert control over policy equitable interest : an interest (as a beneficial interest) that
beneficiary
that may receive proceeds from a trust depending on the occurrence of a specified event (as the death of another beneficiary) … or entity named by the insured of a life insurance policy to receive the proceeds upon the insured's death contingent beneficiary
condition
condition 1 : an uncertain future act or event whose occurrence or nonoccurrence determines the rights or obligations of a party … 3 : one of the rights or obligations of the policyholder or the insurer set forth in an insurance policy conditional
loss
the amount of an insured's financial detriment due to the occurrence of a stipulated event (as death, injury, destruction, or damage) … create liability in the insurer under the terms of the policy NOTE: As a general rule, economic losses are deductible from
Wager
2. A promise to pay money or other consideration on occurrence of an uncertain event, Black's Law Dictionary, 7th Edn., p. … long as it was not against morality, decency, or sound policy, Johnson v. Lumley, (1852) 12 CB 468. But by the
- ‹ Prev
- Next ›