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To add an indemnity clause, first, clearly define the parties involved and the scope of indemnification. Specify the circumstances under which indemnification will occur, such as losses, damages, or liabilities arising from specific actions or events. Ensure the language is precise to avoid ambiguity, and consider including limitations or exclusions to the indemnity. Finally, both parties should review and agree to the clause before signing the contract.
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What does the Indemnity to Principals Clause mean?
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.
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.
What is the purpose and significance of a simple indemnity clause in a contract?
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.
What can you add to change a sentence into a dependent clause?
To change a sentence into a dependent clause, you can add a subordinating conjunction, such as "because," "although," "if," or "when." These conjunctions connect the dependent clause to an independent clause but do not allow it to stand alone as a complete sentence. For example, turning "She went to the store" into "Although she went to the store" creates a dependent clause.
What kind of clause is After the grill is hot add the steaks?
In this case, "After the grill is hot," qualifies as the clause in the sentence.
An elliptical clause is one in which the reader must infer or add some of the information?
Yes, an elliptical clause is one in which the reader must infer or add some of the information.
Will double indemnity apply in case of murder?
Double indemnity typically refers to a provision in an insurance policy that pays out double the face value in the event of accidental death. However, if the death results from murder, the double indemnity clause may not apply. Insurance companies often include exclusions for deaths caused by criminal acts, especially if the insured is involved in the crime. Therefore, in cases of murder, the policy may only pay the standard death benefit, if it pays out at all.
What is clause modifier?
A clause modifier is a word, phrase, or clause that provides additional information about the subject of a sentence. It can add descriptive or explanatory details and usually comes after the subject it modifies. Clause modifiers can help to clarify or enhance the meaning of a sentence.
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.
