Sentences with phrase «insured parties»

It seems insured parties prefer a quick phone call to report an accident.

Established and maintained communication with insurance companies, insured parties, and different affiliates in Venezuela.

The policy names two insured parties and only pays out when both have passed away.

This type of setup favors cost savings for both the insured parties and for the auto insurance carrier.

Compared to other insured parties, the named insured is afforded the broadest scope of coverage under the policy.

Obviously the word «umbrella» is referring to the way that the umbrella policy protects the insured parties» assets in a more broad way than the primary insurance policies beneath it.

Variety of Death Insurance Choices - The insured parties are given the liberty to choose from a wide range of death insurance benefits.

Increasing Additions Annually - The insured parties are assured remarkable additions on their value insured after every 3 policy years.

Insured parties often opt for medical care that they may have avoided in the absence of insurance because «my insurance plan will cover the expenses».

Survivorship life insurance DEFINITION: also known as a Second to Die policy, it is simply a type of joint permanent life insurance that pays out upon the death of both insured parties.

Health differences or a large difference in age between the insured parties will typically mean the younger, healthier insured paying more for insurance coverage than he or she would under a traditional individual policy.

First and foremost, and it is probably obvious to all, the major con of survivorship life insurance is that there isn't any death benefit until both insured parties have died.

We've seen properties require as many as four additional insured parties on a policy.

A less popular structure you will see is Survivorship Universal Life Insurance and it looks very similar to a Joint Universal Life Insurance, but is a «last to die» policy and only pays out when both insured parties die.

The riders are generally offered free of charge by insurance companies and permit insured parties to fund extended nursing home or residential skilled nursing by allowing funds to be drawn away from the cash value of the plan to pay for medical expenses.

They will then compare this data to data that the insurance company already holds on policies it has previously issued and possibly to actuarial tables of risk that display general trends across a wider group of insured parties in similar circumstances.

Liability insurance is a product or products provided by insurers that protect the insured parties from the risks of liabilities incurred from...

Insured parties typically include the owner, the general contractor, and all subcontractors.

Insured parties can expect to pay anywhere from 30 to 600 percent more over the life of their return of premium policy.

The litigation world outside commercial litigation is divided into two classes — claimants who are individuals of modest resources and their opponents — well resourced litigants, insured parties, corporations, local and central government.

Besides Solvency II, Italy's insurance sector regulator, IVASS, has proposed new legislation which will further simplify the contractual documentation of insurance policies and communications to insured parties.

A Run off PI policy will provide indemnity to cover the cost of defending any claim made against those insured under the policy and will reimburse the losses occurring should the claim be upheld against the insured parties.

Currently, insurance companies are able to withhold payment, sometimes for years, and insured parties with valid claims have no form of redress.

«The amendment was intended to stop insured parties from receiving double recoveries, not to complicate the inured party's ability to obtain payment for medical - related expenses.»

Justice E.M. Morgan accepted the plaintiffs counsel's submissions that insured parties and insurance companies should be considered in a different light than other litigants.

The same is true for the insured parties as they do not want their premiums to go up.

Insurance Broking, including brokers» duties to clients on preparation of proposals, notification of insured events and other communications with underwriters; Underwriting decisions; Reports for insured parties and underwriters in cases where underwriters are seeking to avoid a policy; Disputes between insurers and reinsurers; and Personal insurance cover, including life and health insurance, residential property, PPI and motor claims.

In order to cancel your insurance coverage, we require a signed letter from all insured parties that they request to have the insurance coverage cancelled.

It arose out of many incidents where insured parties got murdered.

We've seen properties require as many as four additional insured parties on a policy.

deductible [top] The portion of a loss that the insured party must pay before the insurer payment coverage begins.

Ultimately any insurance policy is based on the individual needs of the insured party.

«So when a default occurs, the so - called insured party or hedged party doesn't know who's responsible for making up the default and if that end player has the resources to cure the default.»

Keep in mind that after the death of the first insured party, the survivor typically must continue paying the insurance premiums.

Property Damage (liability): When the insured party is found to be at fault, the insurer will be obliged to pay property damage;

The term «insurance» is a contractual agreement, most commonly in the of an insurance policy, which legal binds the insurer to cover the cost of all or any portion of damages suffered by the insured party as defined in the policy.

In its essence, the purpose of insurance is to ad - measure the risks of a potential loss from the insured party.

In that case the insured party, Mr. Kohanski, was sued by an association, Master Insulators» Association of Ontario Inc..

The insured party usually has the option of changing named beneficiaries.

In order to settle an uninsured or underinsured motorist claim, the injured insured party must still prove liability against the uninsured or underinsured motorist.

However, it clear that prior to drafting a particular CGL policy, an insurer should be fully cognizant of who the intended insured party is and what sort of potential claims they might face, before determining which type of policy should be drafted.

Many times insurance companies would try to ask the questions in such a way as to transfer fault to you rather than its insured party.

Pursuant to the New SABS, if an insured party wishes to receive the AC benefit by a family member that does not provide the service in the course of their employment, occupation or profession, that family member must sustain an economic loss as a result of providing the AC services.

We have experience defending claims where the insured party is a condominium, management company, member of travel industry or other commercial enterprise.

The claims adjuster needs proof that the insured party was negligent, and that your injuries are severe enough to qualify for a settlement.

This express recognition of CF members as insureds under the SISIP Policy and their premium contributions are inconsistent with the Defendant's argument that the only insured party is the CDS.

By their very nature, policies of insurance are different; a beneficiary may be an insured party to the policy but even a non-contracting beneficiary has a legal interest sufficient to have the policy enforced and to argue for any interpretation that would be open to either of the contracting parties.

The German Consumer Dispute Resolution Law (Verbraucherstreitbeilegungsgesetz) provides a complaints procedure for the insured party against insurance companies regarding claims arising from the insurance contract.

In its essence, the purpose of insurance is to measure the risks of a potential loss from the insured party.

The term «insurance» is a contractual agreement; most commonly refers to the instance of an insurance policy, which legally binds the insurer to cover the cost of all or any portion of damages suffered by the insured party as defined in the policy.