Insurable Debts Sample Clauses
The "Insurable Debts" clause defines which types of debts are eligible for coverage under an insurance policy. Typically, this clause outlines the specific criteria that debts must meet to be considered insurable, such as being legally enforceable, arising from goods or services provided, or being owed by approved buyers. For example, it may exclude debts that are disputed, overdue beyond a certain period, or owed by government entities. The core function of this clause is to clearly delineate the scope of the insurer's liability, ensuring both parties understand which debts are protected and reducing the risk of disputes over coverage.
Insurable Debts. Our cover shall apply to Debts:
i) arising in the course of your covered business activity,
ii) on a Buyer located in a covered country,
iii) arising from Deliveries made during the contract period, iv) payable within the maximum credit period and v) for which the invoice is sent to the Buyer within the maximum invoicing period.
Insurable Debts. By derogation to article 1.2.1 a) of the General Terms, as per this option: Debts due by a Buyer who is a Public Buyer located outside your country are added as insurable Debts as defined in article 1.1.1 of your Contract.
Insurable Debts. As per this option, our cover applies to Existing Debts for which:
Insurable Debts. Our cover shall apply to Debts:
(i) Arising in the course of your covered business activity,
(ii) On a Buyer located in a covered country,
(iii) Arising from Deliveries made during the contract period,
(iv) Payable within the maximum credit period and
(v) For which the invoice is sent to the Buyer within the maximum invoicing period.