insured risk

Never before had he wanted so badly to see one of his insured risks destroyed.

Reinsurers take on insured risks from other insurance companies.

Rent is usually only suspended where the premises are unfit for occupation and use as a result of damage or destruction by an insured risk.

Similarly, the exception to the tenant's repairing liability relates principally to damage or destruction by an insured risk.

By choosing a particular type of reinsurance method, the insurance company may be able to create a more balanced and heterogenous portfolio of insured risks.

Prepayment and resource-pooling: the regular prepayment of contributions (before the insured risks occur) that are pooled together.

He still is not sure he has identified all of them, but so far he has cataloged about $6 trillion worth of federally insured risks.

Mr. Heseltine said the Government would help pay claims only on insured risks and would not reimburse property owners who did not buy insurance policies.

Property & Casualty: a property insurance policy that takes care of covering the loss suffered as a result of an insured risk, within the property of the insurance holder.

There should be produced to the tenant not only a copy of the policy and/or a summary of the insured risks but also evidence of the payment of the last premium.

A reference to damage caused by the insured risks (as defined) should be excepted and the tenant may wish to reduce the number of people for whom the tenant may be vicariously liable.

The tenant should also consider deleting reference to the insured risks completely, as the damage or destruction rendering the premises unusable may not in fact stem from an insured risk.

In addition, the guarantee agency, known as MIGA, is underfunded, with only $100 million of paid-up capital but more than $2 billion worth of insured risk on its books and applications for an additional $1.5 billion next year.

For more than a decade, Lloyd's has been riven by scandals of various kinds; professionals employed to assess the riskiness of insured risks and apportion them among the rich risk-takers have been discovered to have salted funds away on their own account.

Sometimes the insured risks are stated to be: fire and such other risks as the Landlord may from time to time deem it desirable to insure against This is clearly inadequate as there is an interrelationship between the insurance clause, the tenant's repairing covenant and the proviso for suspension of rent.

A loss payee clause (or loss payable clause) is a clause in a contract of insurance which provides that in the event of payment being made under the policy in relation to the insured risk, payment will be made to a third party rather than to the insured beneficiary of the policy.