The policy defined "resident" as "an individual who inhabits the same dwelling as the named insured
However, it has been defined by the courts to mean the named insured
, as opposed to the "insured" as defined in Sections A and B.
Even when a driver is not a named insured
, the driver is covered if he or she was hired by the shipper.
13) Because an imposter, rather than the named insured
, presented himself for the required physical examination, the insurance policy was never enforceable vis-a-vis the named insured
In order to qualify to be Named Insured
under a policy, the entities must be owned by the same financial interest or have some financial interest in the property or operations being conducted.
These policies were matched with the credit history of the named insured
on the policy to create a database that included both policy information and credit information (including a summary "credit score"), but excluded information about race, ethnicity, income, or geographic location.
Earlier this year, a claim was brought in bankruptcy court seeking to recognize Enron's D&O policy as an asset of the bankruptcy estate, relying upon the fact that the corporation was a named insured
in the policy.
Failure of an agent, servant, or employee of the insured other than the insurance manager to notify the company of a potential loss-producing event of which he/she has knowledge shall not invalidate the insurance afforded by this policy as respects a named insured
It was initially developed to assure lenders that any claim check issued would be in the name of both the named insured
and the mortgagee, loan payee, or additional insured, without having to provide complete copies of the insurance policy.
Classic responded by claiming that the 1984 and 1985 policies did not list the plaintiff as a named insured
and they would, therefore, deny coverage for the claim if he could not prove continuous coverage back to 1985.
Coverage includes: all employees of the Named insured
working at least 20 hours per week, who are permanently employed in the U.
Credits to each policyholder's account are calculated based on the expiring premium for each eligible named insured