IF UPON THE DEATH OF THE LIFE INSURED there shall be no duly constituted personal representative or nominee or assignee of the Life Insured able and willing to give a valid receipt for the sum payable such sum may in the discretion of the Committee of Management be paid to one or more of...
As part of a suit against an insurer alleging it failed to provide coverage under the title policy, the insured deposed a title operations manager at the insurer. The deposition was suspended when the parties disagreed on the line of questioning. The insured now seeks to compel the employee’...
Sign up with one click: Facebook Twitter Google Share on Facebook subrogation (redirected fromSubrogee) Thesaurus Legal Financial Encyclopedia Related to Subrogee:Subrogor sub·ro·ga·tion (sŭb′rō-gā′shən) n. The substitution of one person or entity for another, especially when the ...
“any person who regularly extends, renews, or continues credit; any person who regularly arranges for the extension, renewal, or continuation of credit; or any assignee of an original creditor who participates in the decision to extend, renew, or continue credit.” As this language is ...
Primary beneficiary: Beneficiary of a life insurance policy who is first entitled to receive the policy proceeds on the insured’s death. Probate: The process of determining if the deceased person left a valid will and admitting that will to probate. When a will is “admitted to probate” it...
Jepson, it i* supposed, will be great; the owner of the adjoining house was fully insured. The remains of Sewell, the 41 Lincolnshire giarrt, n ( who died at Swansea on the 3d inst.) were interred at Taunton, on Monday, according to his request when on his death bed. Quick lime ...
PERSONS insured with this institu- tion a. ro free from all Responsibility, and will receive back HO per Cent on all Profits al tbe End of c » erv three oi five Years. The Ra'es are tbe same as at other Offices. In Proof of the Public Confidence ju the Principles ami Conduct ...
Considering the recent history, natural hazards are not extraordinary events (see Section 2.1) and they must be insured, like usual accidents. The risks faced by the insurance company in case of earthquakes or other natural hazards can be opportunely alleviated through new security tools, like the...
This time, the policyholder was ready with a fierce counterpunch in the form of Insurance Code section 520 which provides in pertinent part: “An agreement not to transfer the claim of the insured against the insurer after a loss has happened, is void if made before the loss . . .” But...