Sentences with phrase «insured under another party»

Not exact matches

By listing a renters insurance interested party instead of a renters insurance additional insured, you preserve your right to take action against them for something that's potentially covered under the policy.

Because they're not an additional insured, there are no concerns about whether or not they qualify as a third party under the liability coverage.

That's because liability is a third - party coverage designed to protect people who are not insured under the policy.

Liability is a third - party coverage, and it's designed to protect people who are not insured under the policy.

~ 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 employers ~

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 employers ~

Typically in British Columbia you will have two or more injury claims, one against ICBC as your insurer and another against the at fault driver, usually also insured by ICBC under third party liability coverage.

(3) A second party insurer under a policy insuring a heavy commercial vehicle is obligated under section 275 of the Act to indemnify a first party insurer unless the person receiving statutory accident benefits first party insurer is claiming them under a policy insuring a heavy commercial vehicle.

Mete v AXA Insurance (2013): A first instance decision on the ability or otherwise of insurers to rely on the default of the insured to avoid liability to third parties on claims arising under the Road Traffic Acts and European Regulations.

(I) «First - party claimant» means an individual, corporation, association, partnership, or other legal entity asserting an entitlement to benefits owed directly to or on behalf of an insured under an insurance policy.

If the plaintiff is not a named insured, state the reason why this person is considered an insured under the policy (for example, a «dependent relative» under the OPCF 44R or a person who had consent to drive the vehicle involved in the motor vehicle accident)-- it is important to note that an insurance contract is between two parties.

That's because if you get into an accident with an uninsured or under - insured motorist, you could be stuck paying for the damage to your car, lost wages beyond what is covered by your own first party no - fault insurance, and other damages.

(a) The party claiming has to have asked the party causing the accident for details required under section 154 of the Road Traffic Act 1988 i.e. whether or not the person was insured or there was an insurance policy covering the vehicle and the registration number.

In the closing months of 2016, LawPRO counsel began to receive calls from insureds who were having difficulty obtaining adverse parties» consent to timetables under Rule 48.14 (4)-- an important means of avoiding a dismissal order.

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.

Under - insured motorist coverage provides a source of compensation to an injured party when the existing liability coverage of the at - fault driver does not fully cover damages.

Uninsured motorist insurance provides coverage to protect drivers in case of an accident involving a party who does not have insurance or is under - insured.

His third - party experience includes advising and defending insurers in disputes with insureds on claims made under comprehensive general liability, directors and officers (D&O), professional liability, and specialty policies.

Court held that insurer did not owe a duty to defend, under a commercial general liability policy, where third - party action sought incidental emotional distress damages caused by the insured's noncovered economic or business torts.

Our clientele include the majority of the Canadian multi-line insurers, most of the smaller niche insurers, many of the brokers, independent adjusters, third party administrators, and Insureds under their self insured retentions in the Canadian, American, London, European and Far Eastern insurance market places.

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.

[23] The Commission also recommended that «an insurance institution * * * notify (an applicant or principal insured) as to: * * * the types of parties to whom and circumstances under which information about the individual may be disclosed without his authorization, and the types of information that may be disclosed; [and] * * * the procedures whereby the individual may correct, amend, delete, or dispute any resulting record about himself.»

It is issued to the insured's client by the insurance company; the document is proof that the insured party has properly been insured under a particular insurance policy.

That's because liability is a third - party coverage designed to protect people who are not insured under the policy.

Motor insurance is an agreement between two parties i.e. insured and insurer under which... read more

However, it's necessary under law to at least insure your vehicle under third - party cover.

The purpose of the underinsured motorist coverage is to ensure that in the event of property or bodily damage caused by a motorist with insufficient (or no) insurance the insurance company agrees to pay out any additional costs above those that the under insured party's insurer will meet.

Third Party Insurance: Under this plan, the insured individual is protected against the loss / damage that occur due to bodily injury or death to a third party or any damage to property because of the insured person's vehParty Insurance: Under this plan, the insured individual is protected against the loss / damage that occur due to bodily injury or death to a third party or any damage to property because of the insured person's vehparty or any damage to property because of the insured person's vehicle.

Term insurance is an agreement between two parties i.e. insured and insurer under which insurer agrees to compensate insured in any eventuality....

In this instance the insurance company will normally issue a new policy upon taking the first payment due under the policy without the insured party having to take any specific action to continue their insurance.

This article describes the parties insured under the ISO form.

Health insurance is an agreement between two parties i.e. insured and insurer under which insurer agrees to pay for medical treatment in case of any health issue for a fixed sum which is paid by insured to the insurer.

It's an important task for insurers to manage their approach to risk carefully — if they take on too much risk for too little return then they may find themselves unable to pay on claims made under the policies they have issued and this will result in insolvency, that's not in the interest of the insured party or the insurance company.

As the name implies, the uninsured or under - insured motorist insurance compensates for expenses when the other party doesn't have insurance or doesn't have enough money to pay for the expenses that were brought about by the accident.

The following are not considered a settlement under state insurance regulations: • A loan from an insurer under the terms of the life insurance policy (e.g., a policy loan) • A loan from a third party where the policy's cash value is used as collateral (collateral assignment) • A beneficiary designation without a transfer of value • A beneficiary designation of someone with an insurable interest in the insured

The insolvency or bankruptcy of insured does not release the insurer from payment of liability or property damages to a third party for loss sustained under the policy, and an injured person may bring action against insurer directly if insured is insolvent.

Per the definition of «named insured,» that spouse is a party to the policy and insured under it.

The parties that qualify as insureds under liability coverage are described in a paragraph entitled Who Is An Insured.

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.

Different construction parties that can be insured under this policy include subcontractors, General Contractors, Equipment suppliers & manufacturers and also the buyer or the owner.

Motor insurance is an agreement between two parties i.e. insured and insurer under which insurer agrees to compensate damages to the vehicle in case of an accident.

The third party liability must arise under a legal proceeding where an appointed tribunal has mandated the amount of liability that needs to be paid to the third party by the insurance company (the second party) on behalf of the insured (the first party).

Under this policy, one gets his bike / scooter insured against losses due to natural or manmade calamities e.g. fire, flood, theft, malicious act etc., personal accident cover and third party liability.

Some other things that are covered under this category are medical payments, road trouble service and coverage for automobiles that are not owned by the insured party.

This is included in every insurance policy because this will help protect the insurance companies to fraudulent claims and will give them time to investigate the claims made before giving the benefits to the insured party as stated under the terms of the policy.

Liability insurance provides compensation for bodily injury and property damage to other parties in an accident caused by the name insured or others covered under his policy.

If your negligence causes a fire and your landlord is an additional insured, they likely won't be able to collect under your liability coverage because they're a party to the policy as additional insured.

Private Car Package Policy from Oriental Insurance offers cover for third - party liability plus protects your insured vehicle against the loss or damage, as specified under the policy.

Third - party offers coverage against claims of damages and losses incurred by a driver who is not the insured, the principal, and is therefore not covered under the insurance policy.

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