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endorsement |
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Endorsement 1. A legal term that refers to the signing of a document which allows for the legal transfer of a negotiable from one party to another. 2. An attachment to a document that amends or adds to it. Typically, it is an added provision to an insurance policy. Also referred to as a "rider". Notes: 1. When an employer signs a check, they are endorsing the transfer of money from the business accounts to the account of the employee.2. If an insurance contract has a provision stating that in the event of the policy holder's death the family of the policy holder will continue to receive the policy holder's monthly income for a period of time, this is an example of an endorsement or a rider. Endorsements and riders cause the price of the premium to rise as they provide a positive benefit.
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Arnold Schwarzenegger's term and racking up endorsements from U. The District Council's endorsement comes as Spitzer has announced an impressive list of endorsements over the past month, including the New York City PBA, the Uniformed Fire Officers, former Mayor Ed Koch and over 30 Mayors from across the state. Noting the trend, in its circular announcing the current ISO additional insured endorsement last year (CG2010 0704), ISO stated: "Because the phrase 'arising out of' has been interpreted broadly by some courts, we are revising several of the additional insured endorsements to add specific language to provide an additional insured with coverage for their vicarious or contributory negligence only. |
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