PURPOSE OF INSURANCE. Personal: Survivor income Supplemental retirement income Estate liquidity Final expenses Charitable giving Other Debt/Mortgage protection Asset Repositioning/Wealth Transfer SERP/Deferred compensation Executive 162 bonus Buy-Sell/Business continuation Key person Split dollar Other Loan indemnification Other Restrictive bonus
PURPOSE OF INSURANCE. 1.1. With this Contract the Policyholder, completes on its behalf with the Underwriters a Contract for group medical insurance for international travelers temporarily outside their home country while participating in a program sponsored by the Policyholder.
1.2. In exchange for payments of insurance premiums by the Policyholder, the Underwriters obligate themselves to provide specially designated international medical insurance.
1.3. Insureds are international travelers, participating in programs of the Policyholder.
PURPOSE OF INSURANCE. 1 The purpose of the insurance contract is to indemnify direct damage arisen as a result of an insured event due to destruction of or damage to an insured object and separately specified expenses in accordance with the home insurance terms and conditions and the general terms and conditions of the contract.
PURPOSE OF INSURANCE. 1 The purpose of liability insurance of real estate insurance is to protect an insured person against a claim filed by an injured party for the indemnifica- tion for damage in accordance with the procedure and to the extent provided for in these terms and conditions.
PURPOSE OF INSURANCE. 1.1 The purpose of the product liability insurance is to indemnify the damage incurred by the third party due to a defect of a product manufactured, sold or mediated by the insured person as well as the costs for legal assistance and expert assessment incurred by the insured person for combating the claims for indemnification of damage filed against the insured person in accordance with the procedure and within the scope provided by the insurance terms and conditions.
1.2 Product liability insurance is voluntary liability insurance.
PURPOSE OF INSURANCE. 1.1 The purpose of the general liability insurance is to indemnify the damage caused to the third party by the insured person as well as the costs for legal assistance and expert assessment incurred by the insured person for combating the claims for indemnification of damage filed against the insured person pursuant to the procedure and within the scope provided by these insurance terms and conditions.
1.2 General liability insurance is voluntary liability insurance. These insurance terms and conditions are part of a compulsory liability insurance contract only by special agreement between the insurer and the policyholder.
PURPOSE OF INSURANCE. Personal: o Survivor income o Estate liquidity o Supplemental retirement income o Debt/Mortgage protection o Final expenses o Charitable giving o Other Executive Benefits: o SERP/Deferred compensation o Restrictive bonus o Split dollar o Other o Executive 162 bonus Business: o Buy-Sell/Business continuation o Key person o Loan indemnification o Other
PURPOSE OF INSURANCE. 1.1 The purpose of the employer’s liability insurance is to indemnify the damage caused to the third party by the insured person due to an occupational accident or occupational disease as well as the costs for legal assistance and expert assessment incurred by the insured person for combating the claims for indemnification of damage filed against the insured person in accordance with the procedure and within the scope provided by the insurance terms and conditions.
1.2 Employer’s liability insurance is voluntary liability insurance.
PURPOSE OF INSURANCE. The purpose of the insurance is to indemnify the direct material damage and other costs specified in these terms and conditions caused to the insured object during the insurance period as a consequence of a sudden and unexpected event set out in section 4.
PURPOSE OF INSURANCE. Primary Purpose of Insurance (must choose one): (Supplemental riders/benefits such as BAR, do not qualify as a Primary Purpose of life insurance.)
