Sentences with phrase «insurance contract where»

An insurance contract where the benefit is payable on death, whenever it occurs.

Such plans are a long term life insurance contract where the policyholder has to pay premium throughout the tenure of the policy or may opt for single pay or limited payment option.

In other words, it is an insurance contract where you pay very high, yet level, premiums that is considered to be an investment and an insurance policy simultaneously.

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

Not exact matches

There are applications within insurance about smart contracts where you can program what happens if a certain event happens that can automate a lot of the processes.

An FIA is a contract between you and an insurance company where the potential interest earned is linked to an external equity index.

The base fee is generally around $ 25,000 and $ 30,000 dependent upon where the surrogate resides, if they have approved insurance coverage, and what is negotiated into the contract.

With limited pay policies, particularly those that are funded using paid up additions, it is important to keep an eye on the MEC level where your policy changes from life insurance to a modified endowment contract.

A contract entered into with an insurance company where an upfront premium is exchanged for a stream of steady income payments.

Which, when you study flood insurance contracts you learn does not just cover flooding but also cases of extreme rain where, the house you built on the hill or mountain goes sliding down the hill in a massive mudslide.

A longevity annuity, also referred to as a deferred income annuity, is a contract between you and the insurance company where you deposit money into the insurance contract today.

The inner - workings of cash value life insurance consists of a life insurance policy, which is a contract between the policy owner, the insured (often the same person), and the insurer, where the insurer agrees to pay a death benefit to the policy's beneficiary, based on the owner continuing to make the policy's premium payments.

Now the idea is to over-fund your policy right before the point, but not to the point, where the life insurance policy becomes a modified endowment contract.

An FIA is a contract between you and an insurance company where the potential interest earned is linked to an external equity index.

Don't forget that you can also do a contract for deed on a condo or another type of home where an association takes part of the insurance responsibility.

The right policy depends on where you are in the transaction and how everything is arranged, so you'll want to have a copy of the contract handy and reach out to an insurance expert for renters at Effective Coverage.

Alabama but having a resident employee in Alabama whose employment includes making consumer loans or taking assignments of consumer credit contracts shall obtain a license for the location where the creditor maintains its records regarding Alabama loans or Alabama consumer credit contracts; and provided further, that, banks chartered by this state or any other state, banks chartered by the United States, trust companies, savings or building and loan associations, savings banks and other thrift institutions, credit unions, life insurance companies, and federally constituted agencies shall be exempt from licensing.

It is a contract where if you pay your agreed upon premium, the insurance company in return agrees to pay for any motorcycle - related losses that may occur as outlined in the policy.

Whole life insurance defined: A whole life policy is a type of permanent life insurance where a contract is entered into between the policy owner and insurer, for a policy, which covers the life of the insured, for a specified insurance coverage amount, for the benefit of a beneficiary.

To see where the dynamite was hidden, let's return to this mysterious reluctance to call these financial contracts «insurance,» even though that's clearly what they are.

A type of life insurance where the contract is renewed each year with a premium payment.

The only problems I have heard is where the insurance didn't cover all of their electrical items but this is clearly stated in the contract and you even have the option to pay extra for a little extra coverage (although not full coverage).

The main limitation is the covenant of good faith and fair dealing which applies to all contracts as a matter of law (not just insurance contracts, where the obligation of good faith and fair dealing is enforced and litigated in a different manner) and can not be waived.

~ The Insurance Act's provisions excluding subrogation in cases where the insured receives income continuation or replacement payments apply where the party paying the benefits is an insurer under an insurance contract, but do not extend to emInsurance Act's provisions excluding subrogation in cases where the insured receives income continuation or replacement payments apply where the party paying the benefits is an insurer under an insurance contract, but do not extend to eminsurance contract, but do not extend to employers ~

On a more fundamental level, each contract may have different governing law and jurisdiction clauses, leading to situations where different approaches to policy coverage are likely to occur in the separate jurisdictions that govern the reinsurance and underlying insurance.

Areas of law: Insurance law; Subrogation; Income replacement plan; Statutory exceptions ~ The Insurance Act's provisions excluding subrogation in cases where the insured receives income continuation or replacement payments apply where the party paying the benefits is an insurer under an insurance contract, but do not extend to emInsurance law; Subrogation; Income replacement plan; Statutory exceptions ~ The Insurance Act's provisions excluding subrogation in cases where the insured receives income continuation or replacement payments apply where the party paying the benefits is an insurer under an insurance contract, but do not extend to emInsurance Act's provisions excluding subrogation in cases where the insured receives income continuation or replacement payments apply where the party paying the benefits is an insurer under an insurance contract, but do not extend to eminsurance contract, but do not extend to employers ~

The Court found that the interpretation of insurance contracts involves a unique blend of the general principles of interpretation applicable to all contracts and the unique principles applicable in the insurance setting.22 While courts have found that the «language of the policy» is the most important factor in determining whether coverage is granted or excluded, courts have found that where there is genuine ambiguity or doubt, the duty to defend ought to be resolved in favour of the insured.23 Similarly other insurance law principles should be considered, such as the principle that coverage provisions should be construed broadly and exclusion clauses should be construed narrowly.24 It was this last principle that the Court looked to in making a decision in this case.

As the public sector looks increasingly towards commissioning services and increased use of outsourcing, public sector clients should be advised to undertake detailed reviews of existing insurance policies, improve where necessary contract management prior to inception and contract performance throughout the term of the contract, underpinned by regular risk assessment of third party service providers.

The «primary interpretive principle is that where the language of the insurance policy is unambiguous, effect should be given to that clear language, reading the contract as a whole»: Ledcor, at para. 49.

Sections 22 (5) and 22 (6) of the LA 2002 allow insurers to contract out of the Act where the insurance contract can be characterized as a «business agreement,» which in effect means that the insured is not a «consumer.»

Insurance, with the advent of modern technology became a «numbers game» where the algorithms of actuarial dissection of past history determines, to a large extent the insurance contract offerings and terms Insurance, with the advent of modern technology became a «numbers game» where the algorithms of actuarial dissection of past history determines, to a large extent the insurance contract offerings and terms insurance contract offerings and terms of today.

(12) Where a contract provides coverage of the type mentioned in clause 216 (a) of The Insurance Act, being chapter 224 of the Revised Statutes of Ontario, 1970, in respect of an automobile operated in the business of carrying passengers for compensation or hire and insured for that purpose, the insurer may,

(5) Where insurance money is by the contract payable to a person who has died or to his or her personal representative and such deceased person was not at the date of his or her death domiciled in Ontario, the insurer may pay the insurance money to the personal representative of such person appointed under the law of his or her domicile, and any such payment discharges the insurer to the extent of the amount paid.

(3) Where a contract of group accident and sickness insurance, in this section called the «replacement contract», is entered into within 31 days of the termination of another contract of group accident and sickness insurance, in this section called the «other contract», and insures the same group or a part of the group insured under the other contract,

When you purchased your health insurance plan, there was a clause in the contract where you promised to pay back Blue Cross Blue Shield or Aetna if you incur medical bills in an accident caused by someone else (a third party).

122 Except where otherwise provided and where not inconsistent with other provisions of this Act, this Part applies to every contract of insurance made in Ontario, other than contracts of,

We obtained summary judgment in the U.S. District Court for the Eastern District of Pennsylvania where the court found in favor of the insurance carrier on a breach of contract and statutory bad faith claim filed by its insured.

Unable to relocate to Tallahassee with Justice Quince following her appointment to the Florida Supreme Court, Ms. O'Connor accepted a position with HealthPlan Services, Inc., where she evaluated insurance contracts / policies for compliance with state and federal insurance laws.

The law of limitations applicable to insurance claims has entered a period of uncertainty, arising in part from insurers» ability to «contract out» of the Limitations Act, 2002 (LA 2002) where the insured is not a «consumer.»

Prior to joining Lewis Wagner, Meghan was an associate in the New York firm Traub Lieberman Straus & Shrewsberry's insurance coverage group, where she represented insurance company clients in insurance coverage litigation, and advised insurers on exposure and liability issues in wide array of tort and commercial contexts, including mass tort and class action litigation involving pharmaceuticals, chemical, transportation, news and entertainment, and oil and gas; environmental suits; FDA compliance claims; unfair competition and false advertising claims; intellectual property claims; construction defect; personal injury; product liability; and associated breach of contract claims.

The following are some examples where we may disclose your personal information: such disclosure is necessary to collect fees or disbursements; we contract with a third party to provide us with certain services such as archival file storage or insurance; (in such cases, we will use contractual or other means to ensure the third party service provider is bound by obligations regarding privacy which are consistent with this policy); or we engage expert witnesses or other law firms on your behalf.

Prior to joining the firm, Asia was a lawyer in Sydney, Australia, where she litigated matters concerning a broad range of legal issues, including insurance, contract, insolvency, competition, consumer and administrative law matters.

A substantial number of Bermuda form arbitrations and other arbitrations where the substantive law of the insurance contracts has been the law of New York.

(1) Starlight Shipping Co v Allianz Marine & Ors; Brit UW Ltd & Ors v Starlight & Ors; Brit UW & Ors v Imperial Marine & Ors [2011] EWHC 3381 (Comm); [2012] 2 All E.R. (Comm) 608; [2012] 1 Lloyd's Rep. 162; [2012] 1 C.L.C. 100 — summary judgment on claims by insurers against assured for breach of a settlement agreement and of jurisdiction agreements in the settlement and in the underlying policy of insurance — constitution of a fund from which to indemnify insurers against future loss and damage resulting from continuation of the foreign proceedings where no anti suit injunction could be granted due to Turner v Grovit and Front Comor — refusal of discretionary stay in favour of Greek court under Article 28 where stay would condone breach of contract.

22 The right under sections 1 and 3 to equal treatment with respect to services and to contract on equal terms, without discrimination because of age, sex, marital status, family status or disability, is not infringed where a contract of automobile, life, accident or sickness or disability insurance or a contract of group insurance between an insurer and an association or person other than an employer, or a life annuity, differentiates or makes a distinction, exclusion or preference on reasonable and bona fide grounds because of age, sex, marital status, family status or disability.

Sonoma Risk has now expanded its Attorneys» Fees Risk Insurance (AFRI) suite of products, which initially covered only contract disputes (Contract Litigation Insurance or CLI), to also include these products: Annual Attorney's Fees Edge (AAFE)-- insurance coverage for fee awards with coverage limits beginning at $ 10,000 and going up to $ 100,000 to cover situations even before litigation is commenced on an annual basis; Statutory Attorneys» Fees Edge (SAFE)-- coverage for the risk of paying an opponent's attorney's fees arising out of many federal or state statutes; and Court Awarded Annual Attorneys» Fees Edge (CAFE)-- coverage for the risk of paying fees where there are multiple exposures of paying an adversary's attorney's fees or where the exposure of loser pays is a possibility, but not yet clearly idInsurance (AFRI) suite of products, which initially covered only contract disputes (Contract Litigation Insurance or CLI), to also include these products: Annual Attorney's Fees Edge (AAFE)-- insurance coverage for fee awards with coverage limits beginning at $ 10,000 and going up to $ 100,000 to cover situations even before litigation is commenced on an annual basis; Statutory Attorneys» Fees Edge (SAFE)-- coverage for the risk of paying an opponent's attorney's fees arising out of many federal or state statutes; and Court Awarded Annual Attorneys» Fees Edge (CAFE)-- coverage for the risk of paying fees where there are multiple exposures of paying an adversary's attorney's fees or where the exposure of loser pays is a possibility, but not yet clearly idecontract disputes (Contract Litigation Insurance or CLI), to also include these products: Annual Attorney's Fees Edge (AAFE)-- insurance coverage for fee awards with coverage limits beginning at $ 10,000 and going up to $ 100,000 to cover situations even before litigation is commenced on an annual basis; Statutory Attorneys» Fees Edge (SAFE)-- coverage for the risk of paying an opponent's attorney's fees arising out of many federal or state statutes; and Court Awarded Annual Attorneys» Fees Edge (CAFE)-- coverage for the risk of paying fees where there are multiple exposures of paying an adversary's attorney's fees or where the exposure of loser pays is a possibility, but not yet clearly ideContract Litigation Insurance or CLI), to also include these products: Annual Attorney's Fees Edge (AAFE)-- insurance coverage for fee awards with coverage limits beginning at $ 10,000 and going up to $ 100,000 to cover situations even before litigation is commenced on an annual basis; Statutory Attorneys» Fees Edge (SAFE)-- coverage for the risk of paying an opponent's attorney's fees arising out of many federal or state statutes; and Court Awarded Annual Attorneys» Fees Edge (CAFE)-- coverage for the risk of paying fees where there are multiple exposures of paying an adversary's attorney's fees or where the exposure of loser pays is a possibility, but not yet clearly idInsurance or CLI), to also include these products: Annual Attorney's Fees Edge (AAFE)-- insurance coverage for fee awards with coverage limits beginning at $ 10,000 and going up to $ 100,000 to cover situations even before litigation is commenced on an annual basis; Statutory Attorneys» Fees Edge (SAFE)-- coverage for the risk of paying an opponent's attorney's fees arising out of many federal or state statutes; and Court Awarded Annual Attorneys» Fees Edge (CAFE)-- coverage for the risk of paying fees where there are multiple exposures of paying an adversary's attorney's fees or where the exposure of loser pays is a possibility, but not yet clearly idinsurance coverage for fee awards with coverage limits beginning at $ 10,000 and going up to $ 100,000 to cover situations even before litigation is commenced on an annual basis; Statutory Attorneys» Fees Edge (SAFE)-- coverage for the risk of paying an opponent's attorney's fees arising out of many federal or state statutes; and Court Awarded Annual Attorneys» Fees Edge (CAFE)-- coverage for the risk of paying fees where there are multiple exposures of paying an adversary's attorney's fees or where the exposure of loser pays is a possibility, but not yet clearly identified.

Previously, where a contract of insurance was bought over the internet by use of an illicit credit card, then, if the processing were entirely automated, no person would have been deceived, and there was no obvious offence committed.

It relied on another recent decision of the Supreme Court in Ledcor Construction Ltd. v. Northbridge Indemnity Insurance Co, where Wagner J. (as he then was) wrote that interpretation of a standard form contract can, in certain situations, be a question of law subject to correctness review standard (the stricter and less deferential review standard).

Yet the policy of the law has not been to shut them out from justice altogether — save where the claim relates to an insurance contract».

Why would any insurance company voluntarily engage in a contract where they have to pay a death claim no matter what (because the policy is permanent) and they will never receive premiums that eventually match what they will pay out?