Technical Answer: «If a claim is made or a suit is brought
against an insured for damages because of bodily injury or property damage... we will pay up to our limit of liability for the damages for which the insured is legally liable... and provide a defense at our expense by counsel of our choice even if the suit is groundless, false, or fraudulent.»
For example, if the insured misrepresented his pre-accident income in an accident benefits matter to obtain better income replacement benefits, the insurer can pursue an action
against the insured for reimbursement of the benefits paid out.
If you die in the first 2 years of the policy and the carrier has valid grounds to contest the policy's validity, the company may choose to forego paying the death benefit and make a claim
against the insured for some type of fraud.
Not exact matches
To find out, researchers from the University of London zoomed in
for a three - year look at the assumedly cutthroat global reinsurance industry — a $ 260 - billion dollar financial market that
insures insurance companies
against large - scale losses.
Until just a few years ago, a good disaster recovery plan included
insuring your company
against flood and disruption, backing up your data and storing it in a different location once a week, as well as developing a contingency plan
for your employees to work from home, or some other location.
Berkshire is well - known
for insuring against potentially costly events with long odds, such as picking a perfect «March Madness» bracket, as the National Collegiate Athletic Association tournament is known.
The reason we pay so much
for healthcare isn't because of insurers, but because of the ineffectual, labyrinthine system they are
insuring us
against.
PCORI fees are assessed
against insurers
for fully
insured plans and
against plan sponsors of self -
insured plans.
Hovnanian skipped an interest payment due Tuesday on bonds it repurchased and parked with an affiliate, opening the door
for GSO to collect payouts on credit - default swaps that
insure against nonpayment.
Ferguson quotes Bank of England chief economist Andrew Haldane's explanation: «No one had quite noticed that the global financial network had become connected enough
for distress to cascade rapidly from one institution to many, but sparse enough
for many institutions to be poorly diversified and inadequately
insured against the failure of a counterparty.»
So long as a mortgage lender made sure that a loan met the FHA's requirements
for «good loans», the agency would agree to
insure it
against loss.
(Even as Carmen Reinhart and other top - level economists have criticized the FED
for prolonging FINANCIAL REPRESSION in order to
insure against inflation staying below the FED «s self - imposed mandate of 2 percent.)
However, there is nothing in Camus» writings that speaks
against a conception of God that could account
for the hierarchy of value in nature and also
insure the freedom and value of human existence.
By denying that the value in nature is static, Camus wishes to
insure man
against the possibility that a theocracy,
for example, could assert rules based upon «eternal principles» to suppress freedom.
In Sonoma County alone, with close to 60,000 acres under vine, almost 70 percent are
insured against any number of the vagaries that can occur — and there is a reason
for that.
For the protection of members and all those involved in the management of registered and insured cycling events, British Cycling provides through its public liability insurance policy, an indemnity, limited to # 15 million (3) for legal liabilities arising from claims made against an event organiser, official or participant1 that involves either bodily injury or property damage to a third par
For the protection of members and all those involved in the management of registered and
insured cycling events, British Cycling provides through its public liability insurance policy, an indemnity, limited to # 15 million (3)
for legal liabilities arising from claims made against an event organiser, official or participant1 that involves either bodily injury or property damage to a third par
for legal liabilities arising from claims made
against an event organiser, official or participant1 that involves either bodily injury or property damage to a third party.
If you want to blame someone - and we would encourage you to do exactly that - blame Labour
for insuring themselves
against bad press by timing the by - election so it's shadowed by events in America.
«By choosing policies that shield
against the very real dangers facing low - income neighborhoods and people of color,» Pastor said, «we will
insure that climate policy will be effective
for all of us.»
Himalayan herders are rewarded
for setting aside pastures
for wild sheep — a food source
for snow leopards — and
insuring against loss of their livestock.
The municipal government already bought the insurance service
for every citizen, and residents there are also encouraged to
insure their life and property
against natural disasters.
The high vitamin A content of their diets
insured them excellent bone structure, wide handsome faces with plenty of room
for the teeth and ample protection
against stress of all types.
Powerless was originally supposed to be about an insurance company that
insured people
against damages caused by superhero fights, but now it's about the people who design superpower protection gear
for Wayne Security.
This
insures his independence from the modes of financing prevailing in experimental film circles: certain (limited) grants, teaching jobs... Displaying a flair
for the best of contemporary music (his collaborators include Bill Frisell, Michael Gordon, Vijay Iyer, Jóhan Jóhannsson and Todd Reynolds), Morrison has to
insure the resilience of his «decaying» images
against a wall - to - wall accompaniment.
Whenever any civil action has been brought
against any officer of the Florida College System institution board of trustees, including a board member, or any person employed by or agent of the Florida College System institution board of trustees, of any Florida College System institution
for any act or omission arising out of and in the course of the performance of his or her duties and responsibilities, the Florida College System institution board of trustees may defray all costs of defending such action, including reasonable attorney's fees and expenses together with costs of appeal, if any, and may save harmless and protect such person from any financial loss resulting therefrom; and the Florida College System institution board of trustees may be self -
insured, to enter into risk management programs, or to purchase insurance
for whatever coverage it may choose, or to have any combination thereof, to cover all such losses and expenses.
Cover
for afloat & ashore Your craft's machinery, motors, standard fittings, gears, equipment and fitted accessories will also be
insured against theft, loss or damage.
(2) signed by an individual, or his parent, to the effect that he has been denied admission to or not permitted to continue in attendance at a public college by reason of race, color, religion, or national origin, and the Attorney General believes the complaint is meritorious and certifies that the signer or signers of such complaint are unable, in his judgment, to initiate and maintain appropriate legal proceedings
for relief and that the institution of an action will materially further the orderly achievement of desegregation in public education, the Attorney General is authorized, after giving notice of such complaint to the appropriate school board or college authority and after certifying that he is satisfied that such board or authority has had a reasonable time to adjust the conditions alleged in such complaint, to institute
for or in the name of the United States a civil action in any appropriate district court of the United States
against such parties and
for such relief as may be appropriate, and such court shall have and shall exercise jurisdiction of proceedings instituted pursuant to this section, provided that nothing herein shall empower any official or court of the United States to issue any order seeking to achieve a racial balance in any school by requiring the transportation of pupils or students from one school to another or one school district to another in order to achieve such racial balance, or otherwise enlarge the existing power of the court to
insure compliance with constitutional standards.
(a) Whenever the Attorney General has reasonable cause to believe that any person or group of persons is engaged in a pattern or practice of resistance to the full enjoyment of any of the rights secured by this title, and that the pattern or practice is of such a nature and is intended to deny the full exercise of the rights herein described, the Attorney General may bring a civil action in the appropriate district court of the United States by filing with it a complaint (1) signed by him (or in his absence the Acting Attorney General), (2) setting forth facts pertaining to such pattern or practice, and (3) requesting such preventive relief, including an application
for a permanent or temporary injunction, restraining order or other order
against the person or persons responsible
for such pattern or practice, as he deems necessary to
insure the full enjoyment of the rights herein described.
(a) Whenever the Attorney General has reasonable cause to believe that any person or group of persons is engaged in a pattern or practice of resistance to the full enjoyment of any of the rights secured by this title, and that the pattern or practice is of such a nature and is intended to deny the full exercise of the rights herein described, the Attorney General may bring a civil action in the appropriate district court of the United States by filing with it a complaint (1) signed by him (or in his absence the Acting Attorney General), (2) setting forth facts pertaining to such pattern or practice, and (3) requesting such relief, including an application
for a permanent or temporary injunction, restraining order or other order
against the person or persons responsible
for such pattern or practice, as he deems necessary to
insure the full enjoyment of the rights herein described.
(b) If the contractor has
insured the same aircraft
against loss or destruction in connection with other operations, the amount of such insurance coverage on the date of the loss or damage
for which the Government may be responsible under this contract.
So long as a mortgage lender made sure that a loan met the FHA's requirements
for «good loans», the agency would agree to
insure it
against loss.
PMI is a mandatory insurance policy
for conventional loans which
insures a lender
against loss in the event that the homeowner stops making payments on a mortgage loan.
See renters insurance perils
insured against for more information.
Mortgage insurers are required by law to build contingency reserves, meaning that in addition to the capital our companies are required to hold
against the risk we
insure, a portion of every premium dollar received is reserved specifically
for emergencies on a countercyclical basis.
«A condominium corporation's insurance will cover the building and the common elements, like elevators or front lobby, but the condo owner must
insure their own unit, personal items and protect themselves
against liability if they are responsible
for damage caused to a neighbour's unit.»
But you can
insure your personal property and cover yourself
against liability risk
for just fifteen dollars a month.
FHA, which
insures mortgage lenders
against losses on home mortgage loans, is tightening its lending requirements and changing down payment requirements
for borrowers with credit scores below 580.
By listing a renters insurance interested party instead of a renters insurance additional
insured, you preserve your right to take action
against them
for something that's potentially covered under the policy.
Separating true financial priorities from flash impulses is an increasing challenge, even when you're trying to do the right thing with your moola — like saving
for the future,
insuring against catastrophic risks and otherwise improving your financial standing.
Additionally, automobiles used as collateral must be
insured against physical damage
for the term of the loan.
Example:
insuring your car
for an extra $ 1M liability insurance
against possible medical expenses of those in an accident.
Mortgage insurer —
insures mortgage lender
against default when there is little equity
for the buyer.
For example, it makes sense to
insure your house
against fire; the premium is small compared to the potential damage, which works because the chance of a fire is also small.
Like the FDIC Deposit Insurance Fund, NCUSIF provides insurance
for savings at its member credit unions (98 % of credit unions across the country, including all federal credit unions, are members of NCUA)
against failure of a member union (so far in 2008, 8 NCUA
insured credit unions have failed).
For the government -
insured Home Equity Conversion Mortgage (HECM), the maximum reverse mortgage limit you can borrow
against is $ 679,650 (Updated January 1, 2018), even if your home is appraised at a higher value than that.
Margin The amount of money or collateral deposited by a customer with his broker, by a broker with a clearing member, or by a clearing member with the clearinghouse,
for the purpose of
insuring the broker or clearinghouse
against loss on open futures contracts.
Because the FHA
insures lenders
against loss, recently, FHA mortgage rates have been lower than rates
for non-insured, comparable conventional loans.
If you deposit money in an FDIC -
insured bank, the agency protects you
against the loss of your deposits, up to certain limits, if the bank fails
for any reason.
Private mortgage insurance (MI) enables these borrowers to qualify
for a conventional loan by
insuring the lender
against potential losses in the event a borrower is not able to repay the loan and there is not sufficient equity in the home to cover the amount owed.
Through
insuring mortgage lenders
against losses on home loans, the FHA assists with providing loans to borrowers who may not qualify
for conventional mortgages.
This type of mortgage may have to be
insured —
for example, by CMHC or a private company —
against payment default.