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.
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.
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.
no
An indemnity clause in a contract serves to protect one party from financial loss or liability that may arise from the actions or negligence of the other party. It is significant because it helps allocate risk and responsibility between the parties involved in the contract, providing clarity and protection in case of disputes or legal issues.
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.
A legal obligation to cover a liability, however arising.
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.
Assistant Principals.
It means the purpose who was not at fault will be compensated for the damage the at-fault party caused.
contact of insurance is an example of indemnity contracts
Dumbbell Indemnity was created on 1998-03-01.
Indemnity always goes to the credit side.