Ocean marine insurance definition

Ocean marine insurance means insurance against loss of or damage to:
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Ocean marine insurance means insurance against loss of or damage to: 929 (a) ships or hulls of ships;
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Ocean marine insurance means marine insurance as defined in R.S. 22:47(13), except for inland marine, as well as any other form of insurance, regardless of the name, label, or marketing designation of the insurance policy, which insures against maritime perils or risks and other related perils or risks, which are usually insured against by traditional marine insurances such as hull and machinery, marine builders' risks, and marine protection and indemnity. Such perils and risks insured against include without limitation loss, damage, or expense or legal liability of the insured for loss, damage, or expense arising out of or incident to ownership, operation, chartering, maintenance, use, repair, or construction of any vessel, craft, or instrumentality in use in ocean or inland waterways, including liability of the insured for personal injury, illness, or death or for loss of or damage to the property of the insured or another person, except this definition shall not include insurance on vessels under five tons gross weight. Ocean marine insurance as defined in this Section is subject to R.S. 22:1269.
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Examples of Ocean marine insurance in a sentence

  • Ocean marine insurance is excluded, as is a failing insurer where there is not a feasible alternative to improving its financial condition and the public will benefit more from the improvement in condition than it will lose from a possible reduction in competition.

  • Ocean marine insurance covers the perils of the sea whereas inland marine insurance is related to the inland risks on the land.Marine insurance is one of the oldest forms of insurance.

  • Ocean marine insurance or ocean marine coverage under an insurance policy including claims arising from the following: the Jones Act (46 U.S.C.Secs.

  • Ocean marine insurance is typically purchased to cover risk exposures of shipowners (cargo and hull), marinas, wharves, ports, offshore oil and gas exploration and production firms, and onshore warehouse and retail establishments.

  • Ocean marine insurance is written on hulls, freights, sea-going vessels, and goods and wares transported on the seas.

  • Ocean marine insurance or ocean marine coverage under any insurance policy including claims arising from the following: the Jones Act (46 U.S.C.A. Sec.

  • Ocean marine insurance" includes marine insurance as defined in Section 103, except for inland marine insurance, as well as any other form of insurance, regardless of the name, label, or marketing designation of the insurance policy, that insures against maritime perils or risks and other related perils or risks, that are usually insured against by traditional marine insurance such as hull and machinery, marine builders' risks, and marine protection and indemnity.

  • Ocean marine insurance or ocean marine coverage under an insurance policy including claims arising from the following: the Jones Act (46 U.S.C. Secs.

  • Ocean marine insurance for county ferryboats for Human Resources & Risk Management.

  • Ocean marine insurance covers property damage and liability to goods being shipped as well as the vessels containing these goods.


More Definitions of Ocean marine insurance

Ocean marine insurance means any form of insurance, regardless of the name,
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Ocean marine insurance means marine insurance as defined in
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Ocean marine insurance means insurance against loss of or damage to: 1123 (a) ships or hulls of ships; 1124 (b) goods, freight, cargoes, merchandise, effects, disbursements, profits, money, 1125 securities, choses in action, evidences of debt, valuable papers, bottomry, respondentia 1126 interests, or other cargoes in or awaiting transit over the oceans or inland waterways; 1127 (c) earnings such as freight, passage money, commissions, or profits derived from 1128 transporting goods or people upon or across the oceans or inland waterways; or 1129 (d) a vessel owner or operator as a result of liability to employees, passengers, bailors, 1130 owners of other vessels, owners of fixed objects, customs or other authorities, or other persons 1131 in connection with maritime activity. 1132 (131) "Order" means an order of the commissioner. 1133 (132) "ORSA guidance manual" means the current version of the Own Risk and 1134 Solvency Assessment Guidance Manual developed and adopted by the National Association of 1135 Insurance Commissioners and as amended from time to time. 1136 (133) "ORSA summary report" means a confidential high-level summary of an insurer 1137 or insurance group's own risk and solvency assessment. 1138 (134) "Outline of coverage" means a summary that explains an accident and health 1139 insurance policy. 1140 (135) "Own risk and solvency assessment" means an insurer or insurance group's 1141 confidential internal assessment: 1142 (a) (i) of each material and relevant risk associated with the insurer or insurance group; 1143 (ii) of the insurer or insurance group's current business plan to support each risk 1144 described in Subsection (135)(a)(i); and 1145 (iii) of the sufficiency of capital resources to support each risk described in Subsection 1146 (135)(a)(i); and 1147 (b) that is appropriate to the nature, scale, and complexity of an insurer or insurance 1148 group. 1149 (136) "Participating" means a plan of insurance under which the insured is entitled to
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Ocean marine insurance means insurance against loss of or damage to: 2383 (a) ships or hulls of ships; 2384 (b) goods, freight, cargoes, merchandise, effects, disbursements, profits, money, 2385 securities, choses in action, evidences of debt, valuable papers, bottomry, respondentia 2386 interests, or other cargoes in or awaiting transit over the oceans or inland waterways; 2387 (c) earnings such as freight, passage money, commissions, or profits derived from 2388 transporting goods or people upon or across the oceans or inland waterways; or 2389 (d) a vessel owner or operator as a result of liability to employees, passengers, bailors, 2390 owners of other vessels, owners of fixed objects, customs or other authorities, or other persons 2391 in connection with maritime activity. 2392 (118) "Order" means an order of the commissioner. 2393 (119) "Outline of coverage" means a summary that explains an accident and health 2394 insurance policy. 2395 (120) "Participating" means a plan of insurance under which the insured is entitled to 2396 receive a dividend representing a share of the surplus of the insurer. 2397 (121) "Participation," as used in a health benefit plan, means a requirement relating to 2398 the minimum percentage of eligible employees that must be enrolled in relation to the total 2399 number of eligible employees of an employer reduced by each eligible employee who 2400 voluntarily declines coverage under the plan because the employee: 2401 (a) has other group health care insurance coverage; or 2402 (b) receives: 2403 (i) Medicare, under the Health Insurance for the Aged Act, Title XVIII of the Social 2404 Security Amendments of 1965; or 2405 (ii) another government health benefit. 2406 (122) "Person" includes: 2407 (a) an individual; 2408 (b) a partnership; 2409 (c) a corporation;
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Related to Ocean marine insurance

  • Long-term care insurance means group insurance that is authorized by the retirement system for retirants, retirement allowance beneficiaries, and health insurance dependents, as that term is defined in section 91, to cover the costs of services provided to retirants, retirement allowance beneficiaries, and health insurance dependents, from nursing homes, assisted living facilities, home health care providers, adult day care providers, and other similar service providers.

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Group long-term care insurance means a long-term care insurance policy which is delivered or issued for delivery in this State and issued to:

  • FHA Insurance means the Federal mortgage insurance authorized pursuant to Section 220, 221(d)(3), 221 (d)(4) or 223(f) of Title II of the National Housing Act of 1934, as amended.

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • Reinsurance means the activity consisting in accepting risks ceded by an insurance undertaking or by another reinsurance undertaking or, in the case of the association of underwriters known as Lloyd's, the activity consisting in accepting risks, ceded by any member of Lloyd's, by an insurance or reinsurance undertaking other than the association of underwriters known as Lloyd's;

  • Mortgage Insurance means insurance protecting Lender against the nonpayment of, or default on, the Loan.

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • Pure captive insurance company means a company that

  • Life insurance producer means any person licensed in this state as a resident or nonresident insurance producer who has received qualification or authority for life insurance coverage or a life line of coverage pursuant to chapter 522B.

  • Sponsored captive insurance company means a captive insurance company:

  • Life Insurance Policy has the meaning given in Section 6.10.

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

  • Health-care-insurance receivable means an interest in or claim under a policy of insurance which is a right to payment of a monetary obligation for health-care goods or services provided.

  • Life insurance means insurance coverage on human lives including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income and unless otherwise specifically excluded, includes individually issued annuities.

  • Transportation Company means any organization which provides its own or its leased vehicles for transportation or which provides freight forwarding or air express services.

  • Medical malpractice insurance means insurance against legal liability incident to the practice and provision of a medical service other than the practice and provision of a dental service.

  • Captive insurance company means a pure captive insurance company, association captive insurance company, captive reinsurance company, sponsored captive insurance company, special purpose captive insurance company, or industrial insured captive insurance company formed or licensed under this chapter. For purposes of this chapter, a branch captive insurance company must be a pure captive insurance company with respect to operations in this State, unless otherwise permitted by the director.