Sentences with phrase «interests of the insured»

Not necessarily in the best interests of the insureds who have chronic health issues.

While the commercial nature of the relationship permits an insurer to assert or defend interests which are opposed to, or are inconsistent with, the interests of its insured, the duty to deal fairly and in good faith requires the insurer to advise the insured that conflicting interests exist, and of the nature and extent of the conflict.

When an insurer appoints counsel to represent the interest of its insured, a conflict of interest may arise where the interests of an insured and the interests of an insurance company are not aligned.

It demonstrates what can happen where instructions given to defence counsel by an insurer conflict with the best interests of the insured.

The fact patterns in many of the earlier American cases demonstrate an unconscionable lack of concern by the insurer for the interests of the insured.

The insurer's statutory obligation to defend its insured imposes on the insurer, where conflicting interests arise, a duty to instruct counsel to treat the interests of the insured equally with its own; and where one counsel can not adequately represent both conflicting interests, an obligation to instruct separate counsel to act solely for the insureds, at the insurer's own cost.

By bringing the underlying application, the insurer was essentially instructing defence counsel to take steps that were in conflict with the best interests of the insured.

When an insurance company fails to protect the interests of its insured, tort victims making a claim against the insured may have the opportunity to recover in excess of the insurer's policy limits.

This decision dispels the suggestion that defence counsel must evenly balance the interests of the insured and insurer when defending a case.

The Ontario Court of Appeal has again confirmed that an insurer's contractual right to control a defence must yield to the interests of its insured where its coverage position creates a reasonable apprehension that defence counsel would be in a conflict of interest.

Where the interests of the insured and the insurance company diverge, it may give rise to a reasonable apprehension of conflict of interest, such that the insured may be entitled to appoint counsel of its choice at the expense of the insurer.

Specifically, a lawyer retained by an insurance company to represent a policyholder / insured has a duty to fully represent and protect the interests of the insured (despite the fact that such lawyers are paid by and reports to the insurance company).

The potential for significant conflicts of interest where, the insurance company could control everything and the interests of the insureds and injured people are purely secondary exists.»

In providing for the insured person to provide information directly to the person conducting the examination, it safeguards the interest of an insured person in having the examination conducted on the basis of a complete record.

An agent should always perform in the interest of the insured, as well as the company.

The plan provides protection for properties, electronic and domestic appliances and the interests of the insured individuals together with the family members.

The plan protect for properties, electronic and domestic appliances and the interests of the insured individuals together with the family members.

This plan provides full guard to the property, contents (including portable equipment) and the interests of the insured individual and their family members.

It provides protection for the property and the interests of the Insured in the business venture.

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.

Uninsured motorist is optional; However, it is recommended that it be added to a policy in the best interest of the insured.

If the correct and complete picture is given by the actuary on the reserves of IBNR, it would have facilitated the insurer's board to take appropriate corrective and timely actions by consulting with the IRDA for saving the interest of insured, it said.

Renters apartment insurance is an optional but highly useful insurance product designed to protect the interests of insured policy holders.

Not exact matches

Investors often use gold as a hedge against inflation, but higher interest rates dent the appeal of gold, which earns nothing and costs money to store and insure.

And if you need to cobble together multiple plans to insure for greater risk, you at least can take comfort from knowing that there are dozens of companies that might be interested in doing business with you.

Beginning in January, the Home Owner Mortgage and Equity (HOME) Partnership Program will lend buyers pre-approved for an insured mortgage 5 % of the purchase price (to a maximum of $ 37,500) for 25 years, with no interest or payments during the first five years.

While the Federal Reserve decided in December to increase short - term interest rates, that hasn't yet translated into significant increases in deposit rates paid out by banks on safe, federally insured deposits — the kind of accounts consumers might want to use for an emergency fund or for parking cash they expect to use in the next month or two.

If bonds are also insured as to the timely payment of principal and interest, no representation is made as to the insurer's ability to meet its commitments

Certificates of deposit (CDs) offered by Edward Jones are bank - issued and FDIC - insured up to $ 250,000 (principal and accrued interest accrued but not yet paid) per depositor, per depository institution, for each account ownership category.

That is why it is advisable to go for insured municipal bonds so that the insurance firm or company will be responsible for payment of your interest and principal if the municipal fails to pay up.

If you are interested in a small down payment but don't need the flexibility of a HomeReady ® mortgage, an FHA - insured home loan may be another option.

Each of those four banks also have an outsized presence on Wall Street; each of them received taxpayer bailouts during the 2008 crash; each received secret, below - market interest rate loans from the Federal Reserve during the crisis; and three of them (JPMorgan Chase, Bank of America and Citibank) are currently holding tens of trillions of dollars in derivatives within the insured banking subsidiary — meaning there would be a forced taxpayer bailout if the derivatives blew up the bank.

If a corporation owns life insurance and the insured dies, then the death proceeds become part of the general assets of the corporation and the value of the stock owned by each surviving shareholder will be increased by an amount proportionate to his or her interest.

Life insurance may be used to insure key executives, to transfer ownership of a business interest, and to provide employee benefits.

You basically have two primary choices to make when choosing a type of mortgage loan: (1) fixed or adjustable interest rate, and (2) conventional or government - insured home loan.

It seems, in the interest of «updating, modernizing and insuring todays church is relevant», the churchy part of church is in danger of being deleted.

Since each looks upon his relationships from the standpoint of his own interests, it is important, for the good of all, to devise measures that will insure a degree of universality and equity.

The first kind is founded on the principle of organizing life to insure maximum satisfaction of human interests or claims.

In short, it seems that most of the real gains from nationalization can be achieved by government regulations that safeguard the safety and health of workers, insure that they are taken care of when they are unemployed and when they retire, and allow them to organize to promote their own interests.

If we are [in a culture war], it's probably because interests of the church are self insured.

So the compelling interest must lay in that particular class of employers who self - insure and are subject to the rule.

The new proposals forbid all of these practices, thus insuring that the service sector of Third World economies, like the industrial sector, will be owned and managed by foreigners whose only professional interest is corporate profit.

I love this was of contributing to the celebrations of omnivores, as it insures I will have a satisfying meal, myself, and also stimulates their interest in veggies.

Adoption Agency An organization that is licensed to prepare families to adopt children and to do all the necessary legal, administrative and social work to insure that adoptions are efficiently handled and are in the best interests of the children.

The Department will work with appropriate constituencies within the College to insure the proper balance of athletic and academic interests.

For eight months many discussions were held when the County Executive wanted the county to do the borrowing, that plan was rejected by the Legislature, and now that we have a new proposal, we need to take the time to discuss and insure the is in the best interest of everyone involved,» said Legislator Ted Morton.

Steep out - of - pocket costs have also resulted in many people — even those who are insured — choosing to defer some treatments in the interest of saving money.

The government of Puerto Rico has sought to fill this vacuum to insure that stateside Puerto Rican interests are well represented in the electoral process, recognizing that the increased political influence of stateside Puerto Ricans also benefits the island.

In addition to the vast amount of information and resources available from NASN, NSASN's affiliation with NASN insures school nurse interests are represented at the state and national level by addressing issues that directly affect school nursing practice.

(c) The Secretary, in consultation with the Secretary of Housing and Urban Development, and subject to the provisions of section 306, is authorized to insure up to 100 per centum of any mortgage (including advances on such mortgage during construction) in accordance with the provisions of this section upon such terms and conditions as he may prescribe and make commitments for insurance for such mortgage prior to the date of its execution or disbursement thereon, except that no mortgage of any public agency shall be insured under this section if the interest from such mortgage is exempt from Federal taxation.