court cases interpreting the definition of "occurrence" in commercial crime policies. The decision in Madison Materials Co. Inc. v. St. Paul Fire & Marine Insurance Co., and Universal Underwriters Insurance Co. v. Buddy Jones Ford sided with the insurer, finding that multiple acts of ...
3、ecuniary benefits on their occurrence, or to render services connected with the risk.definition of insuranceoa formal social device for reducing risk by transferring the risks of several individual entities to an insurer. the insurer agrees, for a consideration, to assume, to a specified extent...
7 Pairs of Commonly Confused Words What's the difference between 'fascism' and 'socialism'? More Commonly Misspelled Words Words You Always Have to Look Up Your vs. You're: How to Use Them Correctly Popular in Wordplay See All More Words with Remarkable Origins ...
The meaning of INCIDENT is an occurrence of an action or situation that is a separate unit of experience : happening. How to use incident in a sentence. Synonym Discussion of Incident.
occur to someone come to mind, strike someone, dawn on someone, come to you, spring to mind, cross someone's mind, present itself to someone, enter someone's head, offer itself to someone, suggest itself to someone It didn't occur to me to check my insurance policy. Usage: It is us...
It is often represented by an insurance policy, wherein the insured getsfinancial protectionfrom the insurer against losses due to the occurrence ofany event which is not under the control of the insured. Types of Insurance Basically, there are two types of insurance, as presented below: ...
Related to Occurrence Coverage Part Insurance Coverage Contractor shall, at Contractor’s sole expense, procure, maintain and keep in force for the duration of this Contract the following insurance conforming to the minimum requirements specified below. Unless specified herein or otherwise agreed to by...
Insurance Contractmeans a contract (other than an Annuity Contract) under which the issuer agrees to pay an amount upon the occurrence of a specified contingency involving mortality, morbidity, accident, liability, or property risk. Flood Insurance Study (FISmeans an examination, evaluation, and dete...
When entering a contract with customers, an insurance company accepts any liability in the event that an adverse occurrence takes place which damages whatever it agreed to insure. Accepting liability means making a payment to the insured person when they file a legitimate claim. ...
Assurance is coverage that pays a benefit upon the eventual occurrence of a certain event. It also refers to a service rendered by a professional to confirm the validity and accuracy of reviewed documents and information. Assurances in auditing can help companies address risks and potential problems...