Insured


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Related to Insured: Named Insured, self insured

Insured

The property or persons covered by an insurance policy.

Insured

Describing a person or organization with an insurance policy of any kind.
References in periodicals archive ?
Answer: The fact that the father did not live with the insured does not negate the endorsement making him an insured.
Disputes over whether the insurer has to indemnify and defend the additional insured can arise when there is a lack of clarity in the wording of the additional insured endorsement.
Executive officer--A person holding any of the officer positions created by the charter, constitution, by laws or similar governing document of the named insured organization.
Read it to ensure that the certificate identifies your company by name and as an additional insured.
insured need not worry about cascading tax liabilities that arise through subsequent reinsurance and retrocession arrangements.
The present value income method recognizes the difference between the present value of future benefits to be received less the present value of future premiums to be paid and the carrying amount of the policy as income (or loss) each year until the death of the insured.
If an insured uses a hired or borrowed auto, he or she can be liable for injuries or damages to members of the public as well as to the owner of the hired or borrowed car.
Why is it important for directors to monitor the Named Insured on their policy?
1813(g)) or a bank that is eligible to make application to become an insured bank under section 5 of such act (12 U.
The court held that, in weighing possible settlement offers, an insurance company does bear a responsibility of dealing with its insured fairly and in good faith and that the widespread use of "deems expedient" clauses does not grant absolute broad authority to insurance companies.
Current ISO additional insured endorsements do use the phrase "in the performance of your ongoing operations" in order to clarify the extent of coverage for the additional insured.