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A contract of insurance providing cover to different insured persons in respect of their different interests in the subject matter of the contract; for example, a contract of insurance covering both the owner of a motor vehicle and the credit provider for their respective interests: Re an arbitration between Lombard Australia Ltd v NRMA Insurance Ltd [1968] 3 NSWR 346 ; (1968) 72 SR (NSW) 45 ;Australian Guarantee Corp Ltd v Western Underwriters Insurance Ltd [1988] 2 Qd R 119 .
In some cases, a contract may be composite even though some of the interests are joint rather than separate: for example Holmes v GRE Insurance Ltd (1988) 5 ANZ Ins Cas ¶60-894
Source: Australian Legal Dictionary
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What is composite insurance policy?
It is a composite insurance policy(:
What is composite rated Auto Liability insurance?
how is the audit calculated on a composite rated policy
Is it compulsory to procure composite license for Life and Non Life Insurance?
yes. because Life and non-life are two different kind of insurance.
What is NFU mutual in car insurance?
The National Farmers Union Mutual Insurance Society Limited(NFU) is a UK based insurance, investment, and pension composite. Meaning instead of the NFU being owned by shareholders they are owned by the policyholders.
Why dental insurance don't cover fillings on molars?
I suspect that your dental insurance does cover fillings on molars, but only from amalgam material (silver fillings) not composite material (white fillings). Why? Molars bear the heaviest chewing workload in the mouth and amalgam is more durable than composite. Also amalgam is usually less expensive. Usually an insurer will apply a provision called LEAT--Least Expensive Alternative Treatment--to the payment of a composite filling that is placed on a molar or other tooth where the coverage is for amalgam fillings. This means that they will pay as if the composite filling was an amalgam one. Here is an example. Say an amalgam two surface filling on a molar costs $150 but a two surface composite filling costs $220. And say your insurance pays 80% of the cost. $120 is 80% of $150, so your insurance would cover $120 and you would be left to pay $100 (the difference between the payment and the $220 for choosing a composite filling.)
What role does a insurance advisor have?
An insurance advisor/agent gives probable customers knowledge about an Insurance Plan and sell Insurance Policies. There are three types of insurance agents : 1. Life Insurance Agent. 2. General Insurance(Non-Life) Agent. 3. Composite Insurance Agent(i.e. both life and non life agent). An insurance broker can also be an insurance advisor. Difference between an insurance agent and an insurance broker are: 1. An insurance agent is employed by only one general insurance company or one life insurance company or both(depending on the type of Agent) but an insurance broker can work with any insurance company(Life or General). 2. An insurance agent is accountable to Insurer(insurance company) but an insurance broker is accountable to customers, i.e. an insurance broker works on behalf of customers to seek a better insurance plan. 3. Both agents and brokers are reimbursed by insurance company. 4. There is no capital requirement for Insurance Agents but Insurance brokers must have capital of Rs. 50 lakhs for direct broker, Rs. 1 crore for reinsurance broker and Rs. 2.5 crore for composite broker. Generally Insurance brokers works with big businesses whereas agents work with all type of businesses.
What is a list of prime numbers and composite numbers?
It would be impossible to list them all, since numbers go on forever, but here are some of them: 2 - Prime 3 - Prime 4 - Composite 5 - Prime 6 - Composite 7 - Prime 8 - Composite 9 - Composite 10 - Composite 11 - Prime 12 - Composite 13 - Prime 14 - Composite 15 - Composite 16 - Composite 17 - Prime 18 - Composite 19 - Prime 20 - Composite 21 - Composite 22 - Composite 23 - Prime 24 - Composite 25 - Composite 26 - Composite 27 - Composite 28 - Composite 29 - Prime 30 - Composite 31 - Prime 32 - Composite 33 - Composite 34 - Composite 35 - Composite 36 - Composite 37 - Prime 38 - Composite 39 - Composite 40 - Composite 41 - Prime 42 - Composite 43 - Prime 44 - Composite 45 - Composite 46 - Composite 47 - Prime 48 - Composite 49 - Composite 50 - Composite
Is 1 212 prime or composite?
It is composite.
Is 44 a prime or composite composite numbermber?
It is composite.
Is 25 a prime or composite?
composite composite
207 prime or composite?
composite
Is 1226 a prime or composite?
composite
