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
Geschreven voor
- Instelling
- Property and Casualty Insurance
- Vak
- Property and Casualty Insurance
Documentinformatie
- Geüpload op
- 2 maart 2024
- Aantal pagina's
- 5
- Geschreven in
- 2023/2024
- Type
- Tentamen (uitwerkingen)
- Bevat
- Vragen en antwoorden
Onderwerpen
-
direct liability