Property and Casualty insurance
proximate cause - the first cause in an unbroken chain of events Elements of a legal contract - Competent parties, Agreement, Legal Purpose, consideration Binder - temporary contract of insurance. Pending issue of the policy, good for 30 days DICE - 4 major parts to an insurance policy Declarations - 6 P's policy number, parties, property description, policy term, policy limits, premium Insuring Agreement - Promise to Pay, Perils, Liability Conditions - Rules of the Game, Insured's duties in a loss, Insurer's subrogation rights, mortgagees’ rights Exclusions - Contains property and perils not covered. Direct Liability - Insured
Escuela, estudio y materia
- Institución
- Property and Casualty Insurance
- Grado
- Property and Casualty Insurance
Información del documento
- Subido en
- 2 de marzo de 2024
- Número de páginas
- 5
- Escrito en
- 2023/2024
- Tipo
- Examen
- Contiene
- Preguntas y respuestas
Temas
-
direct liability