INSURED PARTY Sample Clauses

INSURED PARTY. An individual with usual place of residence in any European country or country bordering the Mediterranean, listed in the Specific Terms and Conditions, who contracts a flight with VUELING and subscribes the travel assistance insurance herein associated with the aforementioned flight, prior to the commencement of the date of travel and whose details are notified to EUROP ASSISTANCE.
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INSURED PARTY. A physical person with usual place of residence in any European country or country bordering the Mediterranean, indicated in the Specific Terms and Conditions, who purchases a flight with VUELING and is notified
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INSURED PARTY. An individual with usual place of residence in any European country or country bordering the Mediterranean, listed in the Specific Terms and Conditions, who contracts a flight with VUELING and is notified to EUROP ASSISTANCE. Persons of less than two years of age shall also be considered as insured parties.
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INSURED PARTY. The natural person outlined in the Particular Conditions who, in default of the Policyholder, assumes the obligations derived from the contract.
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INSURED PARTY. The individual listed in the Specific Policy Schedule who, in the absence of the Policyholder, assumes the obligations derived from the contract.
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INSURED PARTY. The Private Party (the Private Party shall ensure the Construction Subcontractor and the Operations Subcontractor shall purchase equivalent cover).
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INSURED PARTY. Also referred to as sponsor, the insured party undertakes to make (periodic) payments – ‘insurance premiums’ – to the issuer of insur- ance linked securities. In return, the insured party receives insur- ance cover for a specific insured event. Definitions of the Investment Vehicles (Insurance Linked Secu- rities) Insurance linked securities are securities, whose yield or redemption is dependent on the probability of occurrence or the actual occur- rence of one or several insured events (e.g. natural catastrophes, explosion and fire catastrophes, aviation catastrophes or similar, unusual insured events). Please note that if an insured event, which has been predefined in detail by contract, occurs, this may result in a total loss of individual investments. ILS are characterised by a significant intra-asset class independ- ence, as the risks from different insurance classes (natural hazards, space, satellites, mortality, fire & explosion, etc.) do not correlate to one another and the individual risk classes of an insurance class (earthquake, winter storm, hurricane, etc.) are independent from one another. Cat bonds are typically structured so as to be issued by a special purpose vehicle (SPV). The graphical representation below illustrates the monetary flows between the insured party, the special purpose vehicle as the issuer of the insurance linked security and the investor, the Plenum Insur- ance Capital Fund: Upon issue, investors pay the par value of the ILS (actuarial re- serve) issued by the SPV, to the special purpose vehicle. The nomi- nal capital is held by the special purpose vehicle in the form of gilt- edged investments, which collateralise the obligations of the special purpose vehicle as securities. Within the scope of an insurance con- tract, the insured party periodically pays an insurance premium to the special purpose vehicle. The investors (here the Fund) receive a periodic distribution (coupon), which corresponds approximately to the insurance premium plus the interest earned from the securities. If during the term of an ILS no relevant insured event has occurred, the bearers of the ILS are paid back the par value upon maturity of the ILS. If a qualifying insured event occurs, the special purpose ve- hicle must pay the contractually agreed cover to the insured party; the return of capital on the ILS at maturity decreases accordingly. Typical probabilities of default of individual ILS, evaluated by means of risk models, are between 0.5% an...
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INSURED PARTY. The natural person outlined in the Particular Conditions who, in default of the Policyholder, assumes the obligations derived from the contract. Definition of Relatives The Insured Party’s family, their spouse or person who lives with them, their ascendants and descendants in the first degree - parents, children, grandparents, grandchildren - brothers, sisters, uncle, aunt, nephew, xxxxx, brothers-in-law, sisters-in-law, sons-in-law, daughters- in-law or in-laws of both are considered covered. Policy The contractual document that contains the Regulatory Insurance Conditions. They are an integral part of the General Conditions, the Particular Conditions that individualise each risk, and any appendixes or annexes that are attached to complete or modify them. Premium The price of the insurance. The receipt will also contain legally applicable surcharges and taxes. ARAG Cancellation Hotel Reservations 5 Contents General Conditions
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INSURED PARTY. Natural person who, having reserved the rental of a holiday home through any of the Agencies listed on theTAIS platform of ATTIS L’HOTELLERIE CORREDURÍA DE SEGUROS, S.L. (hereinafter “ATTIS”), stipulates this optional insurance and is notified to EUROP ASSISTANCE.
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Related to INSURED PARTY

  • Insurer The Insurer shall be bound only by the terms of the Policy. Any payments the Insurer makes or actions it takes in accordance with the Policy shall fully discharge it from all claims, suits and demands of all entities or persons. The Insurer shall not be bound by or be deemed to have notice of the provisions of this Agreement.

  • Additional Insured Status The City, its officers, officials, employees, and volunteers are to be covered as additional insureds on the CGL policy with respect to liability arising out of work or operations performed by or on behalf of Contractor including materials, parts, or equipment furnished in connection with such work or operations. General liability coverage can be provided in the form of an endorsement to Contractor’s insurance (at least as broad as ISO Form CG 20 10 11 85 or if not available, through the addition of both CG 20 10, CG 20 26, CG 20 33, or CG 20 38; and CG 20 37 if a later edition is used).

  • Insured The contractor/renter must be specifically listed as the Insured. OR

  • Additional Insured City, its officers, agents, employees, and volunteers are to be included as insureds using the applicable ISO additional insured endorsement(s) or substitute forms providing equivalent coverage, in respects to damages and defense arising from: activities performed by or on behalf of Contractor, including the insured's general supervision of Contractor; products and completed operations of Contractor; premises owned, occupied, or used by Contractor. The coverage shall contain no special limitations on the scope of protection afforded to City, its officers, employees, or volunteers. Additional insured status for City shall apply until the expiration of time within which a claimant can bring suit per applicable state law. Any failure by the Contractor to comply with reporting provisions of the policies shall not affect its obligations to the additional insureds.

  • Self-Insured Retentions Self-insured retentions must be declared to and approved by City. City may require Contractor to purchase coverage with a lower retention or provide proof of ability to pay losses and related investigations, claim administration, and defense expenses within the retention. The policy language shall provide, or be endorsed to provide, that the self- insured retention may be satisfied by either the named insured or City.

  • Sum Insured The builder's risk policy shall (i) be on a ----------- completed value form, (ii) insure 100% of the completed insurable value of the Building(s), (iii) value losses at replacement cost, without deduction for physical depreciation or obsolescence including custom duties, taxes and fees and (iv) insure loss or damage from earth movement and flood with separate sublimits of $15,000,000.

  • Self-Insured Retention/Deductibles Certificates of Insurance must indicate the applicable deductibles/self-insured retentions for each listed policy. Deductibles or self-insured retentions above $100,000.00 are subject to approval from OGS. Such approval shall not be unreasonably withheld, conditioned or delayed. The Contractor shall be solely responsible for all claim expenses and loss payments within the deductibles or self-insured retentions. If the Contractor is providing the required insurance through self-insurance, evidence of the financial capacity to support the self-insurance program along with a description of that program, including, but not limited to, information regarding the use of a third-party administrator shall be provided upon request.

  • Additional Insured Endorsement An Additional Insured Endorsement (CG20 10 or C20 26), signed by an authorized insurance company representative, must be submitted to the City to evidence the endorsement of the City as an additional insured per General Requirements, Subsection 1) above.

  • Deductibles and Self-Insured Retention Any deductible or self-insured retention that apply to any insurance required by this Agreement must be declared and approved by COUNTY.

  • Deductibles and Self-Insured Retentions Any deductibles or self-insured retentions must be declared to, and approved by CITY's Risk Manager. At the option of CITY, either; the insurer shall reduce or eliminate such deductibles or self-insured retentions as respects CITY, its officer, employees, agents and contractors; or GRANTEE shall procure a bond guaranteeing payment of losses and related investigations, claim administration and defense expenses in an amount specified by the CITY's Risk Manager.

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