Sentences with phrase «made against an insured»

If it was not made against the insured during the policy period, then the insurer can disclaim coverage for that reason alone, regardless of when the insured gave notice.1 If the claim was made during the policy period but the insured gave notice after the expiration of the requisite time frame for notice under the policy, then the ability to disclaim coverage will turn on whether the notice provisions are conditions precedent or covenants.2 This principle applies regardless of whether the policy is a claims - made or a claims - made - and - reported and reported.3 If the notice provisions are covenants, then late notice constitutes a breach of the policy by the insured, triggering application of Md..

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.

[5] A related variation is the claims - made - and - reported policy, under which the policy covers only those claims that are first made against the insured and reported by the insured to the insurer during the policy period.

As its name suggests, a claims - made policy covers claims made against an insured during the policy period.

For a claim to be covered, it must be made against an insured during the term of the policy.

The claims - made policy form only covers claims made against the insured during the policy term.

However no single body has the power to require an insurer to remain solvent and it depends very much on the risks involved and the number of claims that are made against the insured risks.

Not exact matches

Your business will face a bunch of risks that it can't insure against, such as increased competition, declining margins, staff turnover, or the failure of a new product to make a splash in the market.

The FHA keeps a book of rules and says, «so long as you make loans that follow these requirements, we will insure those loans against loss.»

Rather, the USDA insures mortgage lenders making USDA Section 502 loans against loss.

So long as a mortgage lender made sure that a loan met the FHA's requirements for «good loans», the agency would agree to insure it against loss.

For the protection of members and all those involved in the management of registered and insured cycling events, British Cycling provides through its public liability insurance policy, an indemnity, limited to # 15 million (3) for legal liabilities arising from claims made against an event organiser, official or participant1 that involves either bodily injury or property damage to a third party.

And while the default human setting is to want the reward, like, yesterday, practise releasing the sense of urgency; not only will it make progress seem quicker, but it will insure against rebound weight gain.

By insuring the loans against default, the FHA gives lenders the confidence to make more loans, so mortgages become available to a wider portion of the U.S. population.

So long as a mortgage lender made sure that a loan met the FHA's requirements for «good loans», the agency would agree to insure it against loss.

PMI is a mandatory insurance policy for conventional loans which insures a lender against loss in the event that the homeowner stops making payments on a mortgage loan.

Although FHA does not directly make mortgage loans, it insures FHA approved lenders against losses on loans backed by FHA.

Technical Answer: «If a claim is made or a suit is brought against an insured for damages because of bodily injury or property damage... we will pay up to our limit of liability for the damages for which the insured is legally liable... and provide a defense at our expense by counsel of our choice even if the suit is groundless, false, or fraudulent.»

FHA mortgage insurance premiums (MIP) are payments made to the FHA to insure your loan against default.

In case you're wondering why FHA should care whether a mortgage lender forecloses on homeowners who can not make their mortgage payments, FHA insures mortgage lenders against losses associated with FHA loans.

If you are an additional insured, you may not be able to make a claim against the tenant's liability coverage when they cause a loss.

For example, it makes sense to insure your house against fire; the premium is small compared to the potential damage, which works because the chance of a fire is also small.

The FHA keeps a book of rules and says, «so long as you make loans that follow these requirements, we will insure those loans against loss.»

If you list them as additional insured, they're insured under the policy and likely not eligible to make a claim against your liability coverage.

If you're in a quake or flood - prone area, make sure you're insured against the damages

Important: Many investments you will make through a broker (e.g. stocks) are not insured against losing value like the money in your bank account.

Make sure you look at your renters policy and understand what you're insured against.

MGIC insures mortgage lenders against defaults on conventional mortgage loans made for greater than 80 % loan - to - value (LTV).

And, lenders are happy to make such loans because the Federal Housing Administration insures the loans against loss.

It insures FHA approved mortgage lenders against losses on loans made according to its underwriting requirements.

A claims - made policy protects an insured against covered claims or incidents that occur and are reported during the policy period.

Conventional Loans A conventional loan is a loan made against real estate as security that does not involving government participation in the form of insuring (FHA) or guaranteeing (VA) the loan.

Buying auto insurance industry has made it so their cars insured without breaks in and the driver is not likely to be thancredit cards are: as mentioned above, it is a necessity in being responsible is the day so that it is important to consider when buying insurance a standard service, you havepoints against your auto insurance policy for a specified amount of coverage offered, and they have this in the US aren't as excellent as adult women.

It stands to reason that consumers feel secure in making most of their purchases with a card that insures them against damage, loss or theft of merchandise.

Any purchases made on the ScotiaGold Passport ® VISA are automatically insured against loss, theft, or damage with 90 days from the time of purchase.

The Purchase Protection Plan insures eligible purchases made on your card against accidental physical damage and theft up to a limit of $ 1,000 per occurrence for 90 days following the date of purchase.

You don't need certainty about those future effects to know that insuring against the danger, intelligently and at moderate cost, makes sense.

Alan Carroll (A.C.) Nash focuses his practice on the defense of claims made and suits brought against insureds and businesses in product, automobile, commercial, liquor liability, construction and premises liability matters.

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.

(19) The Workplace Safety and Insurance Board is not subrogated to a right of recovery of the insured against another person in respect of a payment or benefit paid by the Workplace Safety and Insurance Board to the insured or in respect of a liability to make such payment or benefit.

In any action in Ontario against the licensed insurer or its insured arising out of an automobile accident in Ontario, the insurer shall appear and shall not set up any defence to a claim under a contract made outside Ontario, including any defence as to the limit or limits of liability under the contract, that might not be set up if the contract were evidenced by a motor vehicle liability policy issued in Ontario and such contract made outside Ontario shall be deemed to include the statutory accident benefits referred to in subsection 268 (1).

Special costs may be ordered against an ICBC insured in circumstances where the ICBC lawyer has made the resolution of costs far more difficult than it should have been.

PII protects the insured and its clients against the cost of defending claims or paying damages if errors or omissions are made by the practice.

Truck Insurance adjusters are perhaps the most talented yet aggressive adjusters in the insurance business — and their sole job is to deny any claim made against the truck that they insure.

[23] It may also be noted that Intact has commenced proceedings against Assessment Direct and Osler Rehabilitation claiming millions of dollars for payments made on behalf of Intact's insureds.

The insured obtained judgment against Intact on the coverage issue on a summary trial application and subsequently made an application for special costs.

Primary insurers should also be aware that an excess insurer can make claims against a primary insurer directly, in its own name or in the name of its insured, to recover damages for breaches of the primary insurer's twin duties of defence and good faith.

At the conclusion of the underlying case, the «wronged insured» (who had been the defendant who my client sued) makes an assignment of rights to my client who then is legally permitted to pursue full damages against the insurance company.

Accidents happen no matter what, but what matters is making your best effort and insuring yourself against the risks with AZ renters insurance.

Liability coverage is intended to protect the insured (you, the purchaser of the policy) against lawsuits or insurance claims made by another person for any damage you might cause.