Sentences with phrase «applicable vehicle liability»

Many of these unusual — search for other pockets — claims in US motor vehicle accident injury litigation exist because the limits of any applicable vehicle liability policy are low, assuming there is liability insurance at all.

Not exact matches

(2) The following benefits are deemed to be included in the motor vehicle liability policy and are applicable to an insured person in respect of the motor vehicle liability policy:

Prior to the Directives the Green Card System provided for «insurers of vehicles in participating states to issue Green Cards guaranteeing compensation to victims of motor accidents caused by the driving of such vehicles abroad... in conformity with legal and regulatory provisions applicable in the country of accident relating to liability, compensation of injured parties and compulsory insurance».

Even when a vehicle or vehicle component has been designed and manufactured in strict compliance with current industry standards and applicable regulations, the vehicle may still be found defective in a personal - injury or wrongful - death products - liability action if it is determined to contain a defect in its design, manufacture, or warnings that renders it unreasonably dangerous for consumers» use.

This (subject to terms and conditions of coverage) means a motor vehicle without liability insurance or a motor vehicle not otherwise in compliance with the state's minimum financial responsibility requirements or other applicable requirements under another state's law.

As applicable in all other US States, it is mandatory for individual California car drivers, transporters, car rental companies and car dealerships to possess car insurance («Liability» insurance in particular), for the vehicles owned or operated by them.

An «uninsured motor vehicle,» as described in subdivision (3) of this subsection, includes an «underinsured highway vehicle,» which means a highway vehicle with respect to the ownership, maintenance, or use of which, the sum of the limits of liability under all bodily injury liability bonds and insurance policies applicable at the time of the accident is less than the applicable limits of underinsured motorist coverage for the vehicle involved in the accident and insured under the owner's policy.

Notwithstanding the provisions of this subsection, no policy of motor vehicle liability insurance applicable solely to commercial motor vehicles as defined in G.S. 20 - 4.01 (3d) or applicable solely to fleet vehicles shall be required to provide underinsured motorist coverage.

(l) A party injured by an uninsured motor vehicle covered under a policy in amounts less than those set forth in G.S. 20 - 279.5, may execute a contractual covenant not to enforce against the owner, operator, or maintainer of the uninsured vehicle any judgment that exceeds the liability policy limits, as consideration for payment of any applicable policy limits by the insurer where judgment exceeds the policy limits.

(4) The named insured's underinsured motorist bodily injury coverage limits, if applicable, shall be equal to the highest limits of bodily injury liability coverage for any one vehicle insured under the policy unless the insured elects to purchase greater or lesser limits for underinsured motorist bodily injury coverage.

Furthermore, if a claimant is an insured under the underinsured motorist coverage on separate or additional policies, the limit of underinsured motorist coverage applicable to the claimant is the difference between the amount paid to the claimant under the exhausted liability policy or policies and the total limits of the claimant's underinsured motorist coverages as determined by combining the highest limit available under each policy; provided that this sentence shall apply only to insurance on nonfleet private passenger motor vehicles as described in G.S. 58-40-15 (9) and (10).

For purposes of an underinsured motorist claim asserted by a person injured in an accident where more than one person is injured, a highway vehicle will also be an «underinsured highway vehicle» if the total amount actually paid to that person under all bodily injury liability bonds and insurance policies applicable at the time of the accident is less than the applicable limits of underinsured motorist coverage for the vehicle involved in the accident and insured under the owner's policy.

In any event, the limit of underinsured motorist coverage applicable to any claim is determined to be the difference between the amount paid to the claimant under the exhausted liability policy or policies and the limit of underinsured motorist coverage applicable to the motor vehicle involved in the accident.

Notwithstanding the provisions of this subsection, no policy of motor vehicle liability insurance applicable solely to commercial motor vehicles as defined in G.S. 20 - 4.01 (3d) or applicable solely to fleet vehicles shall be required to provide uninsured motorist coverage.

Under Delaware's SB 61, an underinsured car is defined as a vehicle «for which there may be bodily injury liability coverage in effect, but the limits of bodily injury liability coverage... applicable at the time of the accident are less than the damages sustained by the insured.»

If the principal operator of a motor vehicle has successfully completed an acceptable accident prevention course, then the insurer of such motor vehicle shall, for a period of three years following completion of the course, reduce the liability premium of the insured by no less than 10 percent of the insurer's liability base rate in the rating territory applicable to such motor vehicle.

Reduction in premiums for motor vehicle liability, first - party medical, and collision coverages for certain named drivers (a) For each personal or family - type policy of private passenger motor vehicle insurance issued or issued for delivery in this state, there shall be offered by the insurer a reduction of not less than 10 percent in premiums for motor vehicle liability, first - party medical, and collision coverages to the policyholder if all named drivers, as listed or who should be listed on the policy application or provided in information subsequent to such application, of each motor vehicle covered by such policy satisfy the requirements of subsection (b) or subsection (c), as applicable, of this Code section.