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...
More Commonly Misspelled Words Popular in Wordplay See All 8 Words with Fascinating Histories 8 Words for Lesser-Known Musical Instruments Birds Say the Darndest Things 10 Scrabble Words Without Any Vowels 12 More Bird Names that Sound Like Insults (and Sometimes Are) ...
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...
LOIs should always be signed by a witness. When the assets involved are quite valuable, it’s preferable to have an insurance carrier representative, a banker, or another professional sign the document, not just any available witness. Letters of indemnity should include the names and addresses of...
Subordinated Claims means the aggregate amount of all claims admitted in the winding up or dissolution of the Issuer which rank, or are expressed to rank, junior to claims in respect of the Senior Non-Preferred Notes or other Senior Non-Preferred Claims, including (without limitation) claims of...
Surplus lines insurance means insurance in this State of risks located or to be performed in this State, permitted to be placed through a licensed broker with a nonadmitted insurer eligible to accept the insurance, other than reinsurance, wet marine and transportation insurance, insurance independentl...
He experienced trouble with his regulator and attempted to return to the dive boat that had taken him and the rest of the tour group out to sea. Fuller drowned while unsuccessfully attempting to reboard the boat. Before leaving for vacation. Fuller had acquired a "common carrier travel ...
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 ...
the facts showing that the defamatory matter was published or spoken of him." This statute would seem to require the proof here admitted. And inWofford v. Meeks, 129 Ala. 349, 30 So. 625, 55L.R.A. 214, the court stated that where the libel is against a group, any one of that gr...