Sentences with phrase «in insurance contracts»

Grace period is a provision made in insurance contracts that provides you some extra time beyond due date during which financial obligations like premium payment may be met without penalty.

The High Court also pulled up the Insurance Regulatory and Development Authority of India (IRDA) and said that IRDA's primary duties was the «settlement of insurance claims» and «governing and regulating» exclusions in insurance contracts.

In some insurance contracts, such as directors and officers policies, the application is incorporated into the policy.

Regarding the second issue pertaining to the significance of the misrepresentation, the court ruled that the actions of the insured woman fulfilled the definition of «misrepresentation in insurance contracts» under state law in that «the insurer in good faith would not have issued the policy... if the true facts had been known to the insurer as required by either the application for the policy... or otherwise.»

The Times Beach litigation also generated new law on insurance coverage regarding pollution exclusion clauses in insurance contracts.

Whenever you feel that any of the following events occur, don't hesitate to contact your credit card issuer and inform them that the occurrence reflected in the insurance contract has taken place and that you want to know how to receive proper assistance on the matter.

Capital gains and other investment earnings accrue tax deferred as long as the funds remain invested in the insurance contract.

While reading every page of every legal document we sign is the smart, prudent thing to do, truth be told very few of us understand all of what's written in an insurance contract, mortgage document or even a purchase and sale agreement.

The situation is exacerbated by the heavy trading volume of the instruments, the secrecy surrounding the trades, and — most importantly — the lack of regulation in this insurance contract business.

As people in the art - insurance industry like to say, according to Moore, there's no stupidity exclusion in the insurance contract.

The court agreed that there was an inconsistency in the insurance contract and that it may create confusion.

State Farm denied Jakubowicz's claim, pointing to a clause in the insurance contract stating that all claims must be filed within three years of the accident.

The insurance company indemnifies the at fault driver in the circumstances described in the insurance contract.

There is nothing to prevent insurers from contracting out in every insurance contract where the insured is not a «consumer.»

The court also, in a portentous footnote, rejected the notion that the subrogation clause in the insurance contract should be the basis for relief.

The disputed clause in the insurance contract excluded the «cost of making good faulty workmanship» but made an exception to that exclusion for «physical damage» that «results» from the faulty workmanship.

The duty automatically exists by operation of law in every insurance contract.

However, how various insurance policies will apply can depend on the language in the insurance contract.

Direct experience in Insurance contract and coverage disputes and litigation, as well as property damage, subrogation and lien enforcement actions.

This is the person named in the insurance contract that will be driving the vehicle.

There is no one uniform definition of occurrence, many definitions of when an occurrence takes place are not sufficiently precise to exclude either Gecko or NoState in this fact pattern, and generally speaking, there is a legal rule that interprets legal language in an insurance contract in favor of the insured to the extent that there is any doubt as to its meaning.

The court held, however, that an exclusion clause in an insurance contract should be construed narrowly, with the result that the general exclusion clause could not be interpreted as altering the parties» specific agreement that the Lloyds Policy covered potential claims identified in the Great American Notice.

Life settlements are an alternative to the policy surrender and accelerated death benefit options that may be available in your insurance contract.

All benefits payable under a GlobeHopper Senior plan are subject to the terms and conditions in the insurance contract.

For this reason though the policy holder may need to pay a higher premium for inflation protection in their insurance contract, they may consider it wise to do so because in the event of a claim they will want to ensure their standard of care is not compromised in the long - term.

When a claim is reviewed, it is the definition of an existing medical condition in the insurance contract that is used to determine if a loss is covered or not.

Further, after marriage, they can add their spouse and children as beneficiary in the insurance contract.

This too, was not in the insurance contract.

The qualifying events of a policy, as such, will be laid out clearly in your insurance contract, and you should read the documentation thoroughly in order to determine exactly which qualifying events apply to your policy.

Another precious kind of protection that you ought to think about buying in your insurance contract is Uninsured / Underinsured Motorist Bodily Injury protection.

Benefits are offered as described in the insurance contract.

Therefore, the consideration component that is required in an insurance contract essentially means that each party to the contract must provide some amount of value to the other.

In an insurance contract, a third party is anyone other than the policyholder and the family members covered under the insurance policy.

This is money saved up in the insurance contract that can be used to pay premiums when we fall behind.

For each state it's required that there be a minimal insurance requirement for specific coverage in your insurance contract, and Indiana is no exclusion.

The clause in the Insurance Contract that defines that no death benefits will be payable by the Insurer, in case the Insured commits suicide during a specified initial period, usually in the first year of the policy.

Many term life policies do allow prorated refunds at some point during the life of the policy, during the insured's lifetime, although such refund is usually «short rated», that is, it is significantly less than the imputed value of the refund if calculated using conventional tables, using the rate of return specified in the insurance contract.

The owner of a life insurance policy is the one who has the rights that are stipulated in the insurance contract.

In the majority of instances, a policyholder maintains his right to change beneficiaries named in an insurance contract, meaning the identification of beneficiaries is revocable.

Capital gains and other investment earnings accrue tax deferred as long as the funds remain invested in the insurance contract.

A life insurance policy provides coverage for the life of the person identified as the insured in the insurance contract.

You can access the cash tax free by either taking life insurance policy loans * or withdrawing cash not to exceed the amount invested in the insurance contract.

Beneficiary is the person named in the insurance contract who is entitled to receive the benefits of the policy upon the death of the policy holder.

A replacement cost clause is a clause in an insurance contract that states that the full replacement value will of an item will be reimbursed in the event of a total loss.

Liability, or collision coverage, generally does not cover floods, but you might still have a clause in your insurance contract that could help you receive money for repairs, so check your policy carefully.

Renewable term life insurance is a policy that gives the policyholder the option to extend their life insurance coverage beyond the period specified in the insurance contract instead of buying a new policy.

A renewable term life plan means you may renew your coverage for an additional term if you choose to, and advise the insurance carrier by a specific date stated in your insurance contract.

Life insurance provides coverage on a specific person's life, and if that person passes away during the time the policy in In Force, there is a payout on the coverage, subject to all of the terms and conditions stated in the insurance contract.

The cost and ramifications of the loan is included in the insurance contract / policy that you received.

For us to move up the ladder, the onus is on us to ensure that we encourage the customers to fill in the correct details when buying an insurance policy and encourage the sales person who is the primary underwriter in any life office to explain the importance of utmost good faith in an insurance contract and elicit complete and correct information at inception.