Loss assessment definition

Loss assessment means an assessment charged by an association of owners against all property owners in a common interest development that is properly and legally made as a result of a loss to structures or other real property contained within that common interest development, and those structures or other real property are owned by one or any combination of the following three categories: (i) all members of the association of owners collectively, (ii) the association of owners, or (iii) you.
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Loss assessment means your share of the amount of money charged by the property owners association or similar body to all its members for earthquake loss for which there is no other insurance. Coverage is limited to property at the location shown on the Declarations Page of the policy to which this endorsement has been attached. Coverage does not apply to assessment made against the property owners association by any governmental body.
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Examples of Loss assessment in a sentence

  • Expected Credit Loss assessment The Company applies the simplified approach to provide for ECLs for all trade receivables and contract assets.

  • The clinical presentation, physical findings, functional disturbances and the office diagnostic maneuvers used to evaluate rectal prolapse 5.

  • The reduction in acreage impact due to HDD crossings is not reflected in the total Project impact numbers discussed herein.

  • Time frame for loss assessment and submission of report• Appointment of loss assessor within 48 hours• Loss assessment to completed within next 10 days• Claim settlement to be completed in next 15 days (subject to receipt of premium)v.

  • Loss assessment by public agency is also expected to be objective and free of any bias.

  • When a condominium’s property or liability insurance coverage is insufficient to pay for a claim, the shortfall will be assessed to unit owners as a “loss assessment.” Loss assessment coverage is a feature of a unit owner’s individual insurance coverage that pays for the unit owner’s share of such a loss assessment.

  • The State confirmed that although it was able to identify additional losses, SBC was not requesting more.

  • Loss assessment coverage provides a source of funds to cover the Owner’s pro-rata share of any deductible under the Association’s master policy of casualty insurance and any Special Assessment liability of an Owner for losses to the Owner’s Townhome Residence that are not covered under the master policy maintained by the Association pursuant to Section 9.01(b), above, or the Owner’s individual insurance policy.

  • This information is assessed in order to estimate the Container Risk Index which in turn supports decision making (Risk & Loss assessment) for risk assessment and response.

  • Loss assessment certification is required to be furnished by Coconut Development Board (CDB)/Agriculture/Horticulture Department/State Agriculture University (SAU), as authorized by insurance company for each district, justifying cause for loss of palm, within 15 days from the intimation of loss.

Related to Loss assessment

  • Needs assessment means a study or statistical analysis that examines the need for ground ambulance service within a service area or proposed service area that takes into account the current or proposed service area’s medical, fire, and police services.

  • Risk assessment means a programme to determine any risk associated with any hazard at a construction site , in order to identify the steps needed to be taken to remove, reduce or control such hazard;

  • Environmental Impact Assessment means a systematic examination conducted to determine whether or not a programme, activity or project will have any adverse impacts on the environment;

  • Phase I assessment as described in, and meeting the criteria of, (i) Chapter 5 of the FNMA Multifamily Guide or any successor provisions covering the same subject matter in the case of a Specially Serviced Mortgage Loan as to which the related Mortgaged Property is multifamily property or (ii) the American Society for Testing and Materials in the case of Specially Serviced Mortgage Loan as to which the related Mortgaged Property is not multifamily property.

  • Medical assessment means an assessment of a patient’s medical condition secured by our Assistance Company working in conjunction with the Medical Evacuation Provider’s medical director and in collaboration with the attending physician. The Assistance Company in collaboration with the Medical Evacuation Provider, will utilize the assessment to determine at its sole discretion whether a Plan Holder is fit to fly; the most appropriate means to provide medical evacuation; the medical personnel who will be accompanying the patient on the transport; and to confirm the medical facility closest to one’s home can meet their medical needs. If the patient’s medical facility of choice is unable to provide the high level of medical care required by the patient, arrangements will be made to transport the patient to the appropriate medical facility closest to their home, or closest to patient's preferred medical facility in the US when possible.

  • Progress Assessment Report (PAR means the monthly compliance report to Owner verifying compliance with the HUB subcontracting plan (HSP).

  • Comprehensive assessment means the gathering of relevant social, psychological, medical and level of care information by the case manager and is used as a basis for the development of the consumer service plan.

  • Phase I Environmental Assessment A “Phase I assessment” as described in, and meeting the criteria of, the ASTM, plus a radon and asbestos inspection.

  • Environmental Assessment means an assessment of the presence, storage or release of any hazardous or toxic substance, pollutant or contaminant with respect to the collateral securing a Shared-Loss Loan that has been fully or partially charged off.

  • Impact Assessment has the meaning given to it in Clause 22.1.3 (Variation Procedure);

  • Risk and needs assessment means an actuarial tool scientifically proven to identify specific factors and needs that are related to delinquent and noncriminal misconduct;

  • Acoustic Assessment Report means the report, prepared in accordance with Publication NPC-233 and Appendix A of the Basic Comprehensive User Guide,by HGC Engineering and dated August 22, 2008 submitted in support of the application, that documents all sources of noise emissions and Noise Control Measures present at the Facility and includes all up-dated Acoustic Assessment Reports as required by the Documentation Requirements conditions of this Certificate to demonstrate continued compliance with the Performance Limits following the implementation of any Modification.

  • Data Protection Impact Assessment means an assessment by the Controller of the impact of the envisaged processing on the protection of Personal Data.

  • Environmental Assessment Act means the Environmental Assessment Act, R.S.O. 1990, c.E.18.

  • self-assessment means an assessment made by a taxpayer or his representative under section 28;

  • Assessment Report : means the assessment report referred to in Articles 32(2) and 33(3) of Regulation (EC) No 834/2007 drawn up by an independent third party fulfilling the requirements of ISO Standard 17011 or by a relevant competent authority, which includes information on document reviews, including the descriptions referred to in Articles 4(3)(b) and 11(3)(b) of this Regulation, on office audits, including critical locations and on risk-oriented witness audits conducted in representative third countries.

  • Phase I Environmental Report means a report by an Independent Person who regularly conducts environmental site assessments in accordance with then current standards imposed by institutional commercial mortgage lenders and who has a reasonable amount of experience conducting such assessments.

  • Site Assessment means a Site Assessment as defined in Paragraph 10(c).

  • conformity assessment means the process demonstrating whether the requirements of this Regulation relating to a device have been fulfilled;

  • Assessment of Compliance As defined in Section 3.21.

  • Environmental impact statement means a detailed written statement as required by section 102(2)(C) of the Act.

  • conformity assessment body means a body that performs conformity assessment activities including calibration, testing, certification and inspection;

  • Environmental Report The environmental audit report or reports with respect to each Mortgaged Property delivered to the related Mortgage Loan Seller in connection with the origination or acquisition of the related Mortgage Loan.

  • Insured Environmental Event As defined in Section 3.07(d).

  • Own risk and solvency assessment means a confidential internal assessment, appropriate to the nature, scale, and complexity of an insurer or insurance group, conducted by that insurer or insurance group of the material and relevant risks associated with the insurer or insurance group's current business plan, and the sufficiency of capital resources to support those risks.

  • Environmental Complaint shall have the meaning set forth in Section 4.19(d) hereof.