Define Assignment of Insurance. means each assignment, between either a Co-Issuer or a Mortgaged Vessel Guarantor, as applicable, and the Collateral Trustee, dated the Issue Date or a Vessel Tender Date, as the case may be, as amended from time to time i
3) assignment of policy 保险单转让4) assignment of polic 转让保险单5) assignment of interest 保险单权利转让6) insurance object transfer 保险标的的转让补充资料:转让 转让 【转让】房屋承租人对其承租的全部或者一部分房屋,放弃承租权,无代价地自行让给第三者使用的行为;或者是房屋产权人有偿转移其...
One of the benefits provided by an assignment of insurance is the ability to secure a loan without the need to pledge other assets, such as a home. Depending on the amount of cash value present in the policy as well as the total amount of life insurance involved, this approach may also...
There are several parties (people) involved in an absolute assignment of an insurance policy. It is important to understand the function of each party. The first party is the insured, the person who is covered under the insurance policy. If it is a life insurance policy this would be the ...
courts as a property insurance policy. It mentions that the antiassignment clauses would protect the insurers from increased risks due to an assignment of an insurance coverage. It states that the insurers would limit the ability of the insured to assign coverage rights to prevent themselves from...
Assignment clause noun [C] (Law 法律):a part of an insurance agreement or a contract that allows sb to pass their rights to sb else (保险协议或某一合同中的) 转让条款举例:He transferred the policy to the bank under an assignment clause. 他根据转让条款将保险单转让给银行。 【权利/权益转让...
policy(of insurance)保险单 matrimony婚礼;婚姻生活 surrender value退还金额,退保金额 malleable可锻的;可塑的;易适应的 litmus test石蕊试验;立见分晓的检验办法 When insurance is a girl’s best friend 时下,保险是女孩最好的朋友 One of the advantages of not having an insurance industry with hundreds of...
An Assignment may be effected in a policy by an endorsement upon the policy itself or by a separate instrument under notice to the Insurer. An Assignment Guarantee Agreement will not be used when the multinote option is utilized. An Assignment and Assumption of Leases in the form attached to...
A number of things could go wrong with AOB. When a vendor assumes control of a claim, that company is still bound by the terms and conditions of the original insurance policy. If a contractor violates any of those terms, the claim could be deemed void, leaving the p...
insurance policy, they would be paid the full death benefit even if some of the loan had already been paid off, leaving nothing for the deceased’s other beneficiaries. If you are applying for life insurance to secure your own business loan, remember that there is no reason to make the ...