insurance carrier Insurer Insurance A commercial enterprise licensed in a state to sell insurance; carrier is widely preferred term for companies offering medical malpractice coverage McGraw-Hill Concise Dictionary of Modern Medicine. © 2002 by The McGraw-Hill Companies, Inc. ...
has acquired a previously-dormant insurance company that holds admitted insurance licenses in all 50 states and the District of Columbia, the company said. Watford Specialty Insurance Acquires Previously Dormant Carrier With this licensure is an assurance that placements with non-admitted insurance compani...
Why is '-ed' sometimes pronounced at the end of a word? Popular in Wordplay See All Terroir, Oenophile, & Magnum: Ten Words About Wine 8 Words for Lesser-Known Musical Instruments 10 Words from Taylor Swift Songs (Merriam's Version) ...
Define State Board of Insurance. means all of the insurance regulatory officials whose duties and functions are designated by the Insurance Code of Texas as such now exists or may be amended in the future. Any duty stated by this chapter to be performed
This coverage shall continue for the duration of this contract. Regulated Insurance Company means any Subsidiary of the Borrower, whether now owned or hereafter acquired, that is authorized or admitted to carry on or transact Insurance Business in any jurisdiction and is regulated by any Applicable ...
CustomEvidence of the usual and customary conduct or practice of others under similar circumstances can be admitted to establish the proper standard of reasonable conduct. Like the evidence provided by expert witnesses, evidence of custom and habit is usually used in cases where the nature of the ...
Most of the time, a country may impose a countervailing duty (which is a type of tariff) on an import if the exporting country has subsidized it so as to make it significantly less expensive than domestically produced products. Nonactionable subsidies, however, are not subject to these ...
Hartford denied coverage, contending that the tourist dive boat, which could hold a maximum of 18 passengers and was used only by persons signed up for the private diving excursion with vendor Snorkel Center, was not a "common carrier" within the meaning of the policy. The federal District ...
EXW:Ex Works, followed by a named place of delivery FCA:Free Carrier, followed by a named place of delivery CPT:Carriage Paid to, followed by a named destination CIP:Carriage and Insurance Paid To, followed by a named destination DAP:Delivered at Place, followed by a named destination ...
A notable disadvantage of Incoterms is that buyers and sellers often have different preferences when using them. Sellers, for example, may choose CIF because they understand their shipments better than buyers do. Buyers, in contrast, may prefer FOB for the same reasons. However, the terms themse...