Legal Definition and Related Resources of Facility Of Payment Clause

clause in life policy or industrial life policy permitting an insurer an option to make payments to any person appearing equitably entitled thereto. If such payment is made in good faith , the insurer is liable to no one else on the policy. An appointment by agreement between the parties who may receive payment of benefits or proceeds accruing under an insurance contract . Amounts paid by the insurer in good faith are held for the benefit of person ultimately entitled thereto.

Browse or run a search for Facility Of Payment Clause in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Facility Of Payment Clause in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Facility Of Payment Clause in Historical Law in the Encyclopedia of Law.

Search for legal acronyms and/or abbreviations containing Facility Of Payment Clause in the Legal Abbreviations and Acronyms Dictionary.

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