Sentences with phrase «contract of insurance»

The policy, together with the application, exam and all endorsements and attached papers, constitutes the entire contract of insurance.

Your policy is a formal, legally - binding contract of insurance that includes the terms of your cover.

One of its functions is to monitor the prices for the issue of regulated contracts of insurance.

Tokio Marine HCC - MIS Group has authority to enter into contracts of insurance on behalf of the Lloyd's underwriting members of Lloyd's Syndicate 4141, which is managed by HCC Underwriting Agency Ltd..

Cover is not always provided on a «back to back» basis, meaning that important terms may be defined differently in the reinsurance contract and the underlying contract of insurance.

Lesson to be learned from Judge Rakoff: Even though a contracting party agrees to provide the same defense as an insurance company, if that obligation is contained in a contract to procure insurance, as opposed to an actual contract of insurance, it may not offer all the protection that it seems to offer on its face.

A major private equity firm concerning a self - report to the effect that they had breached the general prohibition by arranging contracts of insurance without FCA authorisation.

The application becomes a part of the legal contract of insurance, and the insurer is generally allowed to challenge misstatements if death occurs within 2 years of policy issue.

Agent - An insurance company representative licensed by the state who solicits and negotiates contracts of insurance, and provides service to the policyholder for the insurer.

Life Insurance policies have an edge over other saving schemes with features like contract of Insurance, Protection, Liquidity, Tax relief, Money when you need it, Aid to thrift, etc..

Policy: The written statement of the agreement between insurer and insured (or policyowner, if other than the insured), including all endorsements and attached papers, which constitutes the entire contract of insurance.

The person who has the right to all privileges under the contract of insurance and controls the policy.

Disclaimer: This ad is not a contract of insurance.

The Court disagreed, finding that the language of the section, and the fact that it appears in the Insurance Act, along with the record as found in Hansard, suggested that the persons whose rights of subrogation were removed by the legislation were those who make a payment to an insured under a contract of insurance.

The right to compensation is restricted to a «relevant liability» which the interpretive clauses define as «a liability in respect of which a contract of insurance must be in force to comply with Pt VI of RTA 1988».

in that regard, the contract of insurance should be interpreted to promote the reasonable expectations of the parties and a reasonable commercial result; and,

In summary, ss13A and 16A of the Insurance Act 2015 introduce into every contract of insurance an implied term requiring the insurer to pay sums due within a reasonable time.

With respect to the issue of whether a contract of insurance is a «business agreement», the Court of Appeal concludes:

The motion judge held that the provision in the policy limiting coverage to claims made within one year of the loss did not override the statutory two - year limitation period set out in s. 4 of the Limitations Act, 2002, S.O. 2002, c. 24 lacked specificity to override the statutory limitation period and that in any event, the contract of insurance was not a «business agreement» as required under s. 22 (5) of the Limitations Act, 2002.

The Court of Appeal disagreed and allowed the appeal and held that the contract of insurance not only provided for a one - year limitation period in clear and unambiguous language, it overrode the two - year limitation period in the Limitations Act, 2002.

Arguably, contracts of insurance are not fairly characterized as business agreements.

To the extent an assessment prepared under a contract of insurance or in relation to a claim for Part VII benefits puts a defendant on an equal footing, the need for an assessment under Rule 30 (1) now Supreme Court Civil Rule 7 - 6 (1) will be mitigated.

It applies to all contracts of insurance and reinsurance (or variations to current contracts) subject to UK law — covering the laws of England, Wales, Scotland and Northern Ireland — underwritten on or after that date.

It applies to all contracts of insurance and reinsurance (or variations to current contracts) subject to UK law — covering the laws of England, Wales, Scotland and Northern Ireland - underwritten on or after that date.

The plaintiff issued a lawsuit against ICBC alleging that ICBC's denial of coverage was «wrongful» and that ICBC had breached its contract of insurance.

(b) does not, despite any wording to the contrary in any contract of insurance or indemnity and despite any other Act or law, void, impair or otherwise affect any insurance or indemnity coverage for any person in connection with that matter; and

So although an employer may no longer fire you at retirement age, they may be able to treat an older worker differently with respect to the operation of a bona fide retirement, superannuation or pension plan or to a bona fide group or employee insurance plan, whether or not the plan is the subject of a contract of insurance between an insurer and an employer.

If you want to bring an action against ICBC under your insurance policy (e.g. breach of the contract of insurance cases), you must start the lawsuit within one year of the denial;

Note that if you leave the scene of the accident without reporting to the police and / or exchanging information with the other parties, you may be charged under the Motor Vehicle Act or may be held in breach of your contract of insurance with ICBC.

ICBC will assume you have something to hide like impaired driving and may breach you of your contract of insurance.

Remember, full cooperation with the ICBC adjuster and your defence lawyer is essential as otherwise; ICBC will try to breach you of the contract of insurance.

Indeed, the majority of individuals that are breached of their contract of insurance simply do nothing and then the one - year limitation period after the denial passes by making ICBC's decision final and untouchable.

The number one reason ICBC breaches someone of their contract of insurance is if there is an element of drinking and driving and then a motor vehicle accident.

Equally, ICBC will continue to breach you of your contract of insurance even when you beat the impaired driving charge.

You still have to be honest with them because ICBC has been known to do further investigations and if you are caught given them a false statement that is a reason for a breach of the contract of insurance in itself.

Indeed, ICBC will often breach you of your contract of insurance despite the fact that the police do not charge you criminally with impaired driving but provide you with an administrative penalty.

For example, if you say you never drive your vehicle to work and they phone a colleague that says you do drive to work, they will breach of your contract of insurance due to the misstatement alone.