EXCESS INSURANCE
Any INSURANCE coverage that an INSURED arranges over and above the primary insurance contract, such as an UMBRELLA POLICY. Excess insurance is generally designed to protect against losses from LIABILITY or unexpected
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Any INSURANCE coverage that an INSURED arranges over and above the primary insurance contract, such as an UMBRELLA POLICY. Excess insurance is generally designed to protect against losses from LIABILITY or unexpected
Known also as excessive wear and tear charge.
An attachment to a policy that eliminates coverage for certain hazards.
A planned trip, ending where it starts, time-bound, following a specified route.
Stakeholder-Advocate supporting certain activity, policy, process, view, etc. who is an executive in the organization.
A blank, noticeable space between price bars on a stock-price chart. A sudden price spike from panic buying or selling when a trend approaches a reversal point can cause this gap. Refer
Computer bus that either has additional slot to plug in more devices, or is a bus that plug into a bus to provide additional slots. that adds more expansion slots to its
The method of predicting the likelihood, on average, of a gain from investing in a particular asset. Varying factors, representing market conditions and perceived asset worth, varies the predicted return.
A fixed amount added to the premium amount. The cost of servicing certain policies is more than what premiums alone cover. This is a service charge most often applied to low premiums
A medical service that a plan does not recongize as effective for improving health.
A rule in the terms of an offer for a start up venture. It has a date it must be accepted by or the offer is null and void. They add pressure
A restriction on exports to protect local business for shortages, maintain international business, and create a restraint agreement.
The price to fix or replace an asset if it is damaged. The original quality is the standard for the replacement. AKA guaranteed replacement costs.
The party that uses or is affected by a companies product.
When property rights are given to the mortgagee to foreclose on the property and sell it.
A party that testifies about what the saw. AKA percipient witness.
Made known distinctly and explicitly, and not left to inference or implication.Declared in terms; set forth in words. Manifested by direct and appropriatelanguage, as distinguished from that which is inferred from conduct.
Such as render a delict or crime less ‘aggravated, heinous, or reprehensible than itwould otherwise be, or tend to palliate or lessen its guilt Such circumstances may ordinarily be shown in order
In the law of insurance. Characterized or attended by circumstances or conditions of special and unusual danger. Reynolds v. Insurance Co., 47 N. Y. 597; Russell v. Insurance Co., 71Iowa, 69, 32
A watery place; water. Co. Litt. 6.