| Basic Automobile Policy Contents |
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| Automobile insurance policies normally contain the same five basic sections found in most types of insurance policies: 1) declarations, 2) an insuring agreement, 3) definitions of terms used in the policy, 4) conditions, and 5) exclusions. More... |
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| Types of Disability Coverage in Life and Health Insurance |
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| The definition of "disability" is subjective because some people can work without complaint with a condition that would disable and incapacitate others. A typical life and health insurance policy may define disability insurance as including insurance related to injury, disablement, or death resulting to the insured from accidents or sickness.
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| Insured Vehicles for Uninsured/Undersinsured Coverage |
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| If an insured is involved in an accident with an uninsured or underinsured motorist, he may seek to recover under his insurance policy providing for uninsured/underinsured motorist (UM/UIM) coverage. In order to do so, he must be a covered person, and the vehicle involved in the accident must be a covered vehicle. Covered persons include named insureds, designated insureds, resident relatives of named insureds (Class I insureds); occupancy insureds (Class II insureds); and derivative insureds entitled to recover damages because of the bodily injury suffered by Class I or II insureds (Class III insureds). This article addresses the aspect of covered vehicles.More... |
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| The CGL Policy Liquor Liability Exclusion |
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| The comprehensive general liability (CGL) policy protects the insured from liability to third parties for personal injury and property damage caused by the insured. However, there are various exclusions from coverage in the standard CGL policy, including Exclusion C for liquor liability.More... |
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| Captive Insurers |
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| A captive insurer is captive in the sense that it is owned and operated by the insured. There is a point at which it makes economic sense for a company to establish and operate its own insurer as part of the company's risk management program rather than pay premiums to independent insurers.More... |
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