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Indemnity to Principals clause means that the cover is extended to the principal in the event that he/she is sued. This is common for most insurance covers.
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∙ 9y ago
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Does Liberty life have double indemnity policies?
Yes, Liberty Life does offer double indemnity policies. Double Indemnity is a clause or provision in a life insurance or accident policy to help protect people and the company.
What is an action over indemnity buyback clause?
The action over indemnity buyback clause states that property may still be acquired by previous owner by paying a certain amount plus penalties and charges. A specific time frame is given to buy the property back before it will be up for auction.
Does indemnity mean that person that was not at fault have to pay back?
no
What does related principals mean?
Related principals means principals that are associated. In term of money, this can be used to mean different amounts of money that are borrowed by one person from one lender which are combined as one principal amount.
What does indemnity mean?
A legal obligation to cover a liability, however arising.
What exactly does indemnity mean?
it is legal philosophy upon which the concept of most insurance policies rests. Strictly speaking, indemnity is protection from loss and damage claims filed by another person.
What does subordinate independent clause mean?
A subordinate independent clause is a type of clause that has both dependent and independent qualities. It can function independently as a complete sentence but is usually part of a larger sentence and relies on another clause for context or meaning. This type of clause often begins with a subordinating conjunction.
What is the plural possessive form of principals?
The possessive form of the plural noun principals is principals'.Example: Our principal is away at a principals' conference.
What is possessive form of principals?
The possessive form for the plural noun principals is principals'.Example: The principals' salaries in this district are the lowest in the state.
Are life insurance indemnity contracts?
contact of insurance is an example of indemnity contracts
Where indemnity go on a trial balance?
Indemnity always goes to the credit side.
When was Dumbbell Indemnity created?
Dumbbell Indemnity was created on 1998-03-01.
