Search results for: “international association of insurance law”
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P. & I. Insurance
P. & I. Insurance in Maritime Law Note: There is more information on maritime/admiralty law here.The following is a definition of P. & I. Insurance, produced by Tetley, in the context of admiralty law: [Translation of P. & I. Insurance in French: “assurance de protection et […]
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Coinsurance
The percentage of costs a patient pays out-of-pocket for medical care….
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Certificate Of Insurance
The certificate of insurance is a printed description of the benefits and coverage provisions forming the contract between the carrier and the customer. It discloses what is covered, what is not, and dollar limits….
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Cost, Insurance, Freight
A pricing term indicating that the cost of the goods, insurance, and freight are included in the quoted price….
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Agreement for insurance
An agreement often made in short terms preliminary to the filling out and delivery of a policy with the specific stipulations. Such an agreement, specifying the rate of premium, the subject and risk, and amount to be insured, in general terms, and being assented to by the parties, is […]
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Errors And Omission Insurance
An Insurance Policy Designed For The Protection Of The Notary When Held Liable For Honest Mistakes. The Insurance Policy Absorbs The Notary’s Costs And Financial Liabilities Up To An Agreed Limit….
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Portfolio Insurance
A strategy using a leveraged portfolio in the underlying stock to create a synthetic put option. The strategy’s goal is to ensure that the value of the portfolio does not fall below a certain level….
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Insurance Principle
The law of averages. The average outcome for many independent trials of an experiment will approach the expected value of the experiment….
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Guaranteed Insurance Contract
A contract promising a stated nominal interest rate over some specific time period, usually several years….
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Federal Deposit Insurance Corporation (Fdic)
A federal institution that insures bank deposits….
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Coinsurance Effect
Refers to the fact that the merger of two firms decreases the probability of default on either firm’s debt….
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Assessment
Legal Definition and Related Resources of Assessment Meaning of Assessment The act or process of fixing or ascertaining the value , measure or proportion or interest of any thing or person . In relation to corporations, the term may refer to […]
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Neutrality
The status of a nation which takes no part between two or more belligerents.
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Bond
Legal Definition and Related Resources of Bond Meaning of Bond A contract under seal to pay a sum of money ; a contract under seal acknowledging a debt, present or future. This is a single bond. A double bond is one where there is a condition […]