RISK AND INSURANCE definition

RISK AND INSURANCE. Until the Effective Time on the Effective Date, the Purchased Assets shall be and remain at the risk of SST. If, prior to the Effective Time on the Effective Date, all or any material part of the Purchased Assets are destroyed or damaged by fire or any other casualty, WC shall have the option, exercisable by notice in writing: (1) to complete the purchase of the Purchased Assets without reduction of the Purchase Price in which event all proceeds of insurance shall be payable to WC and all right and claim of SST to any such proceeds not paid by the Effective Date shall be assigned by SST to WC; or (2) to terminate this Agreement, in which case all of the obligations of WC and SST hereunder shall terminate.

Examples of RISK AND INSURANCE in a sentence

  • CONDITION REGARDING CONTRACTOR'S RISK AND INSURANCE The second para in clause 47 of the Preliminary Specification to T.N.D.S.S. is not operative and stands cancelled.

  • VAUGHAN & THERESE VAUGHAN, FUNDAMENTALS OF RISK AND INSURANCE 35–40, 87–90, 130–38 (10th ed.

  • RISK AND INSURANCE a) All risk in the goods shall pass to the Cus- tomer upon the earlier of the scheduled delivery date and the date of delivery to the Customer at the agreed place of destination notwithstanding that delivery of the goods may be staggered or that the Customer may not have signed a receipt for the goods.

  • MAHAN CONSTRUCTION COMPANY, A FOREIGN CORPORATION; JANSSEN AND SPAANS ENGINEERING, A FOREIGN CORPORATION; WEST VIRGINIA DEPARTMENT OF TRANSPORTATION, DIVISION OF HIGHWAYS; DYWIDAG SYSTEMS INTERNATIONAL, INC., A FOREIGN CORPORATION, Defendants Below, Appellees, STATE BOARD OF RISK AND INSURANCE MANAGEMENT, Appellee Appeal from the Circuit Court of Logan County Honorable Eric H.

  • Finally, we will look in what is done already in preparation stage for Solvency II implementation.3.2. THE LINKS BETWEEN OPERATIONAL RISK AND INSURANCE COMPA- NY’S MARKET SHARE Probably it is likely to think, that the bigger company is, the greater amount of operational risk should be.

  • PUBLISHED ON BEHALF OF THE SOCIETY FOR RISK ANALYSISFOR MORE INFORMATION ON THE SRA, INCLUDING MEMBERSHIP DETAILS, VISIT: WWW.SRA.ORG www.blackwellpublishing.com/RISKISSN: 0272-4332, VOLUME 25 (2005) 6 ISSUES PER YEARPATRICK BROCKETT The JOURNAL OF RISK AND INSURANCE (JRI) is theflagship journal for the American Risk and Insurance Association.

  • FRANCOIS OUTREVILLE, THEORY AND PRACTICE OF RISK AND INSURANCE 132-33 (1998); EMMETT J.

  • Ernst Csiszar, Issues Relating to Collateral Requirements Imposed upon Alien Reinsurers of United States Ceding Insurers, THE GENEVA PAPERS ON RISK AND INSURANCE - ISSUES AND PRACTICE, 522 (2005) (discussing the issues regarding collateral requirements for non-US insurers doing business in the United States).

  • Bongaerts & Aline F.M. De Bièvre Insurance for Civil Liability for Marine Oil Pollution Damages, 12 GENEVA PAPERS ON RISK AND INSURANCE 145 (1987); FAURE AND SKOGH, supra note 5, at 273-74; Gary D.

  • INVESTMENTSFIN 46054, 46055*, 46067*, ACCT 33061 BANKING / FINANCIAL INSTITUTIONSACCT 33061*, FIN 46068*, 36061, 36062, 46054, 46055, 46067 RISK AND INSURANCE / FINANCIAL SERVICESFIN 36080, 36081, 36082, 36084, 46054, 46055, 46067 REAL ESTATEFIN 36061, 36062, 46061 To qualify for the Ohio real estate sales license exam, students should take these three courses as finance electives, and add FIN 36073 (Real Estate Law) as a general business elective.

Related to RISK AND INSURANCE

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • Hazard Insurance A fire and casualty extended coverage insurance policy insuring against loss or damage from fire and other perils covered within the scope of standard extended hazard coverage naming the Servicer, its successors and assigns, as a mortgagee under a standard mortgagee clause, together with all riders and endorsements thereto.

  • Crew Insurances means insurances against crew risks which shall include but not be limited to death, sickness, repatriation, injury, shipwreck unemployment indemnity and loss of personal effects.

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.

  • 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.

  • group insurance means blanket insurance and franchise insurance and any other forms of group insurance.

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts:

  • Property Insurance is defined in Section 6.10(a).

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • Sum Insured means the sum as specified in the Schedule to this Policy against the name of Insured / each Insured Person, which sum represents the Company's maximum liability for any or all claims under this Policy during the Policy period for the respective benefit(s) against which the sum is mentioned in the Schedule to this Policy.

  • Errors and Omissions Insurance Policy means an errors and omissions insurance policy maintained by the Master Servicer, the Special Servicer, the Trustee, the Custodian or the Certificate Administrator, as the case may be, in accordance with Section 8.2, Section 9.2 and Section 7.17, respectively.

  • Professional liability insurance means insurance against legal liability incident to the practice of a profession and provision of a professional service.

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

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

  • Liability Insurance means compulsory professional liability errors and omissions insurance required by a governing body;

  • Underlying insurance means the DESIGNATED UNDERLYING POLICY and all insurances affording professional liability insurance coverage to any INSURED hereunder which are considered to be primary to this insurance, including without limitation, any such mandatory insurance coverage afforded any INSURED by any law society or other program, and any such non-mandatory insurances purchased as coverage or primary to (beneath) this POLICY coverage, but in no case shall include any insurance specifically acquired and stated to be in excess of this POLICY. Signed on behalf of Lawyers’ Professional Indemnity CompanyDaniel E. PinningtonDaniel E. PinningtonPresident and Chief Executive Officer Endorsement No . 1pollutIon exClusIonThis POLICY, subject to all its terms and conditions not in conflict with this endorsement, and further to Part III Exclusion (g), shall include the following:This insurance does not apply to:(a) damage arising out of the actual, alleged or threatened discharge, seepage, dispersal, release or escape of pollutants:

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

  • Errors and Omissions Policy As defined in each of the Servicing Agreements.

  • General Liability means:Your legal liability in respect of Personal Injury and/or Property Damage and/or Advertising Injury caused by or arising out of an Occurrence happening in connection with the Business other than Products Liability.

  • Other Insurance means insurance available to any covered person that covers a loss to which this policy applies, other than either primary insurance or insurance specifically purchased by you to be excess of the insurance afforded by this policy.

  • Force-Placed Insurance shall have the meaning set forth in Section 4.4.

  • 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.

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • Required Insurances means collectively the Project Facility Insurances and the Contractor Insurances.

  • Casualty insurance means liability insurance.

  • General Liabilities shall have the meaning given it in Article III, Section 6(b) of this Declaration of Trust;