Sentences with phrase «insurers draft policy»
Not exact matches
Our lawyers regularly review policy language and advise insurers on how to draft policy forms and endorsements to best avoid future risks and exposure.
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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.
Title insurers» denial of access to draft policies is a clear example of a practice that increases risk for both lawyers and their clients.
LAWPRO has received reports from Ontario lawyers that certain title insurers have been declining to send copies of draft policies prepared for their lender customers to lenders» lawyers.
As a result the liquidators of companies which hold D&O insurance cover will usually file a liability claim against the D&O s and their Insurers while drafting their claim in a way that will fall under the D&O s insurance policy.
She also regularly advises insurers on draft policy wordings, and acts for insurers in coverage investigations and disputes.
His property insurance practice includes large and complex recoveries for insurers and advising on all aspects of policy coverage, including fraudulent claims, policy voidance, breach of warranty and condition, co-insurance and reinstatement on property, liability, construction / engineering and project policies and policy drafting.
In the United States, property and casualty insurers typically use similar or even identical language in their standard insurance policies, which are drafted by advisory organizations such as the Insurance Services Office and the American Association of Insurance Services.
AG 38 is a document of guidelines drafted by the NAIC in 2013 that addresses whether or not insurers have adequate reserves for certain types of life insurance policies (specifically — universal life insurance policies that offer secondary death benefits to policyholders).
Insurers, however, do not show too much interest promoting these products because of its small ticket size; the regulator, at regulator intervals issues guidelines asking them to draft at least one micro insurance policy each.