Question: Due to recent financial hardship, the named insured
's 32-two-year-old adult son had been staying in the insured
location for two months prior to the covered loss.
For example, some additional insured
endorsements still make the designated entity an insured
for liability "arising out of" the product, work or operations.
--Persons or entities--other than the named insured
--that are granted insured
status under the policy.
First, the limits will be available to both the named insured
and the additional insured
, therefore, the limits may be eroded quickly.
Like the revenue-based methods, the investment method capitalizes the cost of the policy and the premiums needed to keep it in force, but no income is recognized until the insured
When it comes to physical damage to the hired or borrowed auto, the insured
can look to the physical damage coverage section of the BAP for coverage.
Sometimes owners and directors forget to advise insurance representatives about a new interest that should be listed as Named Insured
iv) An insured
credit union as defined in section 101 of the Federal Credit Union Act (12 U.
This impartial panel should be composed of practicing physicians of the same specialty as that of the insured
physician and one attorney or arbitrator to ensure that due process is followed.
Coverage for additional insureds
depends on the wording in the endorsement and can be subject to different interpretations if it is not specific.
Because the P policies were whole life insurance policies, A was allowed to borrow up to the amount of a policy's cash value during the insured
The purpose of the coverage is, in general, to grant insurance coverage to a driver of an auto that is not owned by either the driver or the named insured
That's an increase from 1999, when HUD insured
single-family mortgage loans with limits ranging from $115,200 to $208,800.
In most cases, the employer pays all the premiums and the insured
is treated as receiving taxable income.
The named insured
has a special status and certain obligations.