Also, make certain the insured
doesn't have to receive skilled care before becoming eligible for intermediate care or custodial care before becoming eligible for home care and so on.
argued that although he intended to strike the man, he did not intend to cause the severe injuries that resulted.
Generally, in the absence of a viatical settlement, an insured
pays premiums on a life insurance policy to an insurance company; on the insured
's death, the death benefits are paid to the policy beneficiary.
Since an insured
company is rewarded for instituting and maintaining effective loss control programs, the insured
can control its premium costs by preventing losses.
The ownership of an insurance policy by a partnership would limit the estate tax inclusion of the proceeds to the insured
partner's percentage of ownership in the partnership.
The revenue ruling further provided that the result would be the same if a corporation insured
a person holding a particular position (e.
It is doubtful that the insured
in this case needs more than $25,000 or $50,000 for these sublimits, but the agent needs to discuss this with the insured
to make sure proper sublimits are established.
would be vulnerable to circular cash-flow arguments.
In other words, the insured
need only show that the underlying claim may fall within the policy coverage; "the insurer must prove that it cannot.
These include routine insurance transactions, such as the issuance of a policy, receipt of insurance premiums, administration of the policy, receipt of policy-loan interest payments, repayment of loans and the payment of claims to insureds
or third parties on behalf of the insured
The United States experienced 99 catastrophic events through the first nine months of 1999 with insured
losses of $7.
status is a common, though often elusive, concept in many real estate contracts.
Some jurisdictions have limited the process-of-nature rule to policies that contain ambiguous provisions such as requiring the insured
to be "immediately" disabled, and decline to apply the rule to policies that require the insured
to be totally disabled within a specified period of time.
risks are often insured
by foreign insurance companies.
When the insured
dies, the difference between the current cash surrender value and the policy's face amount is recognized as a gain.