Common use of Incompetents Clause in Contracts

Incompetents. If the person to whom a payment is otherwise payable is incompetent or otherwise incapable of giving a valid release, the Insurer may withhold payment until a guardian of such person is appointed or, at its option in the case of payments due on a weekly or monthly basis, pay any relative of such person by blood or marriage or any other individual or institution appearing to it to have assumed custody of such person. The liability of the Insurer shall be fully discharged to the extent of such payment.

Appears in 10 contracts

Samples: 2016 Supplemental Agreement, Agreement, Agreement

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Incompetents. If the person to whom a payment is otherwise payable is incompetent or otherwise incapable of giving a valid release, the Insurer insurer may withhold payment until a guardian of such person is appointed or, at its option in the case of payments due on a weekly or monthly basis, pay any relative of such person by blood or marriage or any other individual or institution appearing to it to have assumed custody of such person. The liability of the Insurer insurer shall be fully discharged to the extent of such payment.

Appears in 4 contracts

Samples: Agreement, Agreement, Agreement

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