Significantly, the fact that an insurer may have a contractual right to control whether to settle a case and to place the insured
's significant SIR or deductible at risk does not relieve the insurer of its obligation to act in good faith.
CT specializes in a wide array of insurance policies, from auto insurance, home, business, health and life insurance to motorcycle, snowmobile and farmer's insurance.
If the business is an organization other than a partnership, joint venture, or limited liability company--such as a corporation--it is an insured
. In addition, executive officers and directors are insureds
but only with respect to their duties as officers or directors of the organization.
A designation symbol is the mechanism an insurer uses to classify autos insured
under the BAP.
The insurer pays the damages on behalf of the insured
. In other words, the insured
is not forced to pay the damages out of his or her own pocket and then wait to be reimbursed by the insurer.
However, it must be ensured that the Costs of Replacement/Re-Instatement on another Site must not be increased than the Liability of the Insurers, vis-a-vis the Item-wise Sum Insured
of the Insured
Under the personal liability coverages and exclusions, the exclusion for injury to "insured
" does not apply as she was not an "insured
" by definition.
Moral hazard is something that occurs when someone increases their exposure to risk when insured
. In other words, if a driver knows that he'll get a certain amount of money back when writing off his car, he may become more blasAaAaAeA@ about the risk of an accident, or may ev consider deliberately damaging the car beyond repair.
Even if the insured
legally owns a gun, using it to shoot a spouse's lover will not be covered unless there was an altercation and the insured
feared for his life.
Most additional insured
status requests are easily understood and managed.
Chartis refused, asserting that the D&O policy's "insured
In 2010, 2.8 percent of the plans that switched shift to a mixed or self-insured plan model, and 1.9 percent shifted to a fully insured
Former Playmate Holly Madison insured
her breasts for $1 million.
Historically, large employers have been far more likely to self-insure than have been small employers, the EBRI report notes, and there are significant incentives for them to do so: Large multi-state employers can provide uniform health benefits across state lines if they self-insure (lowering administrative costs) and also are not required to cover state-mandated health care services--as are fully insured
A MONG western celebrities, getting their body parts insured
is a common trend, though no one has officially patented any mannerism or trait.