insurable


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Related to insurable: insurable interest
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  • adj

Words related to insurable

capable of being insured or eligible to be insured

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References in periodicals archive ?
the insurable interest doctrine, he looks a bit more like a hapless busybody.
The committee was also ordered to propose necessary and appropriate 'legislative measure or executive issuances' regarding insuring key government properties, assets, facilities and other insurable interests.
15, 2016), the Michigan Court of Appeals was asked to determine who was entitled to recover under a policy and what is an insurable interest.
It stands to reason, Hartwig said, that there is rising insurable exposure in Florida to perils like hurricanes, high winds, storm surge and sink holes.
Heterogeneity is so great that any effort to divide the population into groups of insurable, homogenous units eliminates the possibility of large enough numbers to develop statistical tables.
Most states have statutes that require that a person purchasing an insurance policy have an insurable interest in the life of the person whose life is insured.
The following is a brief introduction explaining insurable and non-insurable risks.
In particular, this Article focuses on the amendments relating to insurable interest, the insured's duty of disclosure, interpretation of contractual clauses, double insurance, and insurance fraud.
Price Dawe 2006 Insurance Trust Insurance Company, the court has affirmed the common law ability of a legally insured person or insurable trust to sell a policy on that person's life for market value --provided that procurement of the policy is not part of a straw purchase pursuant to a prior agreement to resell to an investor, and that the procurement is not part of an illegal wager in which a third party directly or indirectly pays the premiums.
The Monetary Authority of Singapore (MAS) has said that it will proceed with plans to expand its deposit insurance coverage scheme by raising the insurable deposit amount for depositors.
Smith has no insurable interest, only coverage for use by permission.
Managing insurable risks in the mortgage industry is an all-important key to success," said Mr Rao.
However, if the law in the state of the donor's domicile does not recognize that a charity has an insurable interest in the life of the donor, complications may arise.
However, even when the donor appears to have given his entire interest in the policy to a charity, or where the charity originally applies for the insurance, a 1991 private letter ruling (withdrawn when state law changed) provided that the charity's lack of an insurable interest under state law would be a basis for denying the income, gift and estate tax deductions, since state law would also allow the insured's executor to sue for the proceeds (i.