Abogado.com The #1 Spanish Legal Website for Consumers One of the best examples of insurance is life insurance as opposed to term life insurance. In the UK, “life insurance” is another name for life insurance. The adverse event that life insurance and term life insurance have to deal with is the death of the person covered by the policy. The death of the insured being certain, a life insurance policy (whole life insurance) will result in a payment to the beneficiary in the event of the death of the policyholder. However, another insurance clause cannot be used in place of important provisions that you may have overlooked when drafting the contract. Another insurance clause may also include provisions for requesting “assurances” of performance or competence in the event that one party feels uncomfortable with the other`s ability to meet the requirements of the contract. For example, if a party learns that the other party is facing financial difficulties, the additional insurance clause allows it to request assurances from the party concerned to prove that there are indeed no financial problems. Are you a lawyer? Visit our professional website » However, term life insurance covers a fixed period from the date of purchase of the policy, such as 10, 20 or 30 years. If the policyholder dies during this period, the beneficiary receives money, but if the policyholder dies after age 30, he does not receive a benefit. The insurance policy covers an event that will certainly happen, while the insurance policy covers an incident that may occur (the policyholder could die within the next 30 years). At FindLaw.com, we are proud to be the leading source of free legal information and resources on the Internet. Contact us. In mediation.
A certificate or transport instrument. The legal proof of the transfer of ownership is called in England the “joint insurances” of the Kingdom, guaranteeing the succession of each man and preventing or eliminating any controversy, doubt and difficulty. 2 Bl. Komm. 294. Staat v. Farrand, 8 N. J. Law, page 335 In Verträgen. A backup; Insurance. The term was used very frequently in the modern sense of insurance, particularly in English maritime law, and still appears in the policies of some companies, but is otherwise rarely seen in recent years.
However, there seems to be a tendency to use insurance for life insurance company contracts and insurance for property risks. Insurance, in addition, alliance for. See Alliance. (A) com. Right. Insurance. (b) Transfer. This is called joint insurance. However, the term insurance covers, in a broad sense, all instruments that are owned, whether or not they are granted by individuals; These are fines and recoveries as well as private acts of the legislator. FindLaw.com Free and reliable legal information for consumers and legal professionals In some cases, it is possible to find another insurance clause in more than one place in a contract and with conflicting conditions. This clause describes the seller`s legal right to transfer ownership to a buyer.
To have the right of transfer, the seller must be in possession of the ownership of the property. This clause is intended to assure buyers that a seller has the right to sell them the property. In other words, if another party has legal interests in the property, the seller is deemed to be in violation of the property. In this legal dictionary, the legal term insurance is a kind of English legal class. The audit firm verifies the financial statements, interviews the employees of the accounting department and discusses with clients and clients. The accounting firm must ensure that the company in question has complied with GAAP and assures stakeholders that the Company`s results are strong. This clause gives the buyer peace of mind that his right to own the property will not be affected by legal claims made against the property by a third party. If someone makes a legal claim against the property, the seller is responsible, not the buyer. Insurance refers to financial coverage that provides compensation for an event that is safe to occur. Insurance is similar to insurance, with terms often used interchangeably.
However, insurance refers to coverage over a limited period of time, while insurance applies to permanent coverage over longer periods of time or until death. Security may also apply to validation services provided by accountants and other professionals.