Twitter Google Share on Facebook Insured Event Any event that would cause aninsurerto pay aclaim. For example, incar insurance, an insured event may be a car accident because it would cause the insurance company to compensate thepolicyholderforpropertydamage and/or medical bills. Insurance compani...
The Company maintains Directors' and Officers' liability insurance which gives appropriate cover for any legal action brought against its Directors and Officers. The Directors also have the benefit of the indemnity provisions contained in the Company's Articles of Association. These provisions, which ...
“Rental agreement” means any written agreement, stating a period of less than one year, entered into setting forth the terms and conditions governing the use of a vehicle provided by the rental car company.“Rental vehicle” means the “auto” rented or leased by the “renter” from the ...
(1) An insurance company which “carries” the insurance. (The terms “insurance company” or “insurer” are preferred because of the possible confusion of “carrier” with transportation terminology). (2) In transportation, the trucker, air carrier, ocean steamship company or other entity which...
global insurance providers enabling it to offer the very best in cutting-edge products and services to its discerning clients not only in New Zealand but also globally. There has been great interest in this specialized, and growing sector, and the company is keen to partner and extend its ...
and company car schedules applicable to them; (g) any outstanding or potential contractual, statutory or other liabilities in respect of such individuals (including in respect of personal injury claims); (h) details of any such individuals on long term sickness absence, parental leave, maternity ...
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PERMITTED INDEMNITY PROVISION In 2022, no permitted indemnity provision (whether made by the Company or otherwise) was made which was or is in force for the benefit of the Directors of the Company or any directors of the associated companies of the Company (if made by the Company). The ...
Indemnity of Medical Expenses. Reasonable medical expenses incurred in connection with bodily injury as the direct and immediate result of an accident to the Motor Car will be paid, provided it shall not exceed a total amount of HK$20,000 for all claims. ...