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What clause is said to be the heart of the policy containing the company's promise to pay?
Insuting Clause
What is scorpion clause in Letter of Credit?
Scorpion Clause in L/C a clause which renders it impossible for the beneficiary, or seller, to fulfill the conditions of the letter separately and independently of the purchaser.
What is the mortgage clause for jp Morgan chase bank?
The mortgage clause for JP Chase Bank offers mortgage name and address listed as loss payee under the mortgagee clause.
What is a negative pledge clause?
A negative pledge clause is a type of covenants clause that companies issuing bonds may have to adhere to in their indenture. Specifically it restricts how much debt can rank ahead of this debt. It is another way to protect bondholders.
Type the noun clause in this sentence. Mrs. Smith will loan whoever needs it money for lunch.?
The noun clause in the sentence is "whoever needs it." This clause acts as the object of the verb "loan," indicating the person who will receive the money for lunch.
What is the purpose of an average clause?
An average clause is a provision in insurance policies that helps ensure that policyholders maintain adequate coverage for their insured property. If the insured value is lower than the actual value at the time of a loss, the average clause can reduce the payout proportionately, penalizing the insured for underinsurance. This encourages property owners to insure their assets for their true value and helps insurers manage risk. Essentially, it promotes fairness and accountability in the insurance process.
Where clause restricts rows prior to inclusion in a group calculation?
TRUE
What is an interest clause?
An interest clause is a provision in a contract that specifies the conditions under which interest will be charged on overdue payments or obligations. It typically outlines the interest rate, the method of calculation, and any grace periods before interest accrues. This clause helps protect the lender or service provider by ensuring compensation for late payments. Such clauses are commonly found in loan agreements, leases, and service contracts.
Can because and if be used together?
One after the other, not really together, as each introduces a different secondary clause. i think it can because look at this sentance RANDOM EXAMPLE because if the calculation is right then you will get top marks
What is the LGT 400 clause in reinsurance?
The LGT 400 clause, commonly used in reinsurance contracts, pertains to the definition and treatment of loss occurrences. It typically establishes the framework for how losses are aggregated and reported under the agreement, ensuring clarity on what constitutes a single loss event. This clause is essential for determining coverage limits and the calculation of premiums. By clearly defining loss occurrences, it helps mitigate disputes between reinsurers and cedents regarding claims.
The what is also known as the elastic clause?
Another name for the Elastic Clause is the Necessary and Proper Clause.
What is an objective clause?
An objective clause is a clause which is like a learning objective but this is the objective for an clause
What is the other name of your relative clause?
Restrictive Clause is the other name of relative clause..
What clause allows congress to expand its power?
full credit
An adjective clause is a clause that?
a dependent clause that modifies a noun
What kind of clause contains a subject and a predicate?
It can be an independent clause or a dependent clause. It is an independent clause if does not have a word at the beginning like "but" or "because". If there is a word like this at the beginning of the clause, it is a dependent clause.
What is the Average Clause in an Insurance Policy?
Imagine you suffer a fire which causes £180,000 worth of damage to the building, but only have insurance reinstatement cover of £300,000. You might think - "no problem, I have almost twice that amount of cover", but you forget the average clause. The effect of the average clause is that the Insurance Company says "the true reinstatement value is £600,000, but you are only covered for £300,000 - half the real amount, therefore, we will only pay half of any valid claim you make". The Insurance Company therefore pays out £90,000 - leaving you £90,000 short.
