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Does increased cost of construction insurance clause affect the co-insurance clause of the policy?
NO, Increased Cost of Construction is exactly as stated, also known as "Replacement Cost". It does not affect the Coinsurance clause of your insuring contract
How mistakes affect the validity of a contract?
For a mistake to affect the validity of a contractit must be an "operative mistake", ie, a mistakewhich operates to make the contract voidhttp://detoxmatters.com/
What is operative clause?
The Operative clause in an insurance policy sets outs the circumstances that must be present before an insurance company will pay out any claims to insured parties. This clause is therefore very important as it forms the essence of the policy contract and details the scope of the cover. The Operative clause will stipulate the insurer's obligations; one can refer to it as the insurance company's promise to the insured. It will include words to the effect of "subject to the terms, conditions, limitations and exclusions set out in the policy, and upon prior receipt of the premium, the insurer undertakes to indemnify the insured against any loss or damage in case of the occurrence of an Insured Event." The insured event in the case of car insurance could be the car being stolen or damage suffered after an accident. It will also set out the insured parties obligations in terms of the contact, including the payment of the premiums on the specified times. In insurance the onus is on the insured to provide proof that a loss did take place, following the general rule of the law of evidence and procedure. This rule is applied throughout the policy, including in the operative clause.
What is the operative clause?
The Operative clause in an insurance policy sets outs the circumstances that must be present before an insurance company will pay out any claims to insured parties. This clause is therefore very important as it forms the essence of the policy contract and details the scope of the cover. The Operative clause will stipulate the insurer's obligations; one can refer to it as the insurance company's promise to the insured. It will include words to the effect of "subject to the terms, conditions, limitations and exclusions set out in the policy, and upon prior receipt of the premium, the insurer undertakes to indemnify the insured against any loss or damage in case of the occurrence of an Insured Event." The insured event in the case of car insurance could be the car being stolen or damage suffered after an accident. It will also set out the insured parties obligations in terms of the contact, including the payment of the premiums on the specified times. In insurance the onus is on the insured to provide proof that a loss did take place, following the general rule of the law of evidence and procedure. This rule is applied throughout the policy, including in the operative clause.
What is the first section of a book that begins with P?
The answer is the preface. A prologue is the introductory or prefatory section of a novel.
What does intra-operative phase mean in medical terms?
The intra-operative phase is the part that happens during the surgery, rather than pre-operative (before) or post-operative (after).
When was Operative Media created?
Operative Media was created in 2000.
Who owns co-operative?
The members of the co-operative own it.
What has the author J D Hamilton Jamieson written?
J. D. Hamilton Jamieson has written: 'Aids to operative dentistry' -- subject(s): Dentistry, Operative, Operative Dentistry 'Operative dentistry'
The clause in the Constitution that gives Congress the power to regulate all business activities that cross state lines or affect more than one state or other nations is known as the?
commerce clause
What was an operative in the civil war?
The term operative usually refers to a spy
What is the definition of the word operative?
The word operative is defined as functioning or having effect. An operative can also be be a skilled worker, specifically in the manufacturing industry.
