and Named Insured definition

and Named Insured means the person named on the Declarations Page. “Insured Person” means the person(s) named as Insured on the Declarations Page and, while living in the same household, his or her spouse, the relatives of either or any person under age 21 in their care, and any other person or organization using the Insured Houseboat with your permission and without compensation. No liability coverage is provided for a paid master or paid crew member of yours or of the Insured Vessel, or for any person, organization or agent operating a repair yard, marina, yacht club, sales or chartering agency or other marine business. However, you are covered for your legal liability arising out of damages caused to others by a non-insured person, organization or agent. Only the person named on the Declarations Page may take legal action against us to recover for damage to the Insured Property.
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Examples of and Named Insured in a sentence

  • Specify the Additional Insured and Named Insured as required herein.

  • This Policy embodies all agreements existing between Insurer and Named Insured relating to this Policy.

  • Operator shall provide Baylor with a Certificate of Insurance from the Part 121/135 operator/F.A.A. certificate holder and Named Insured evidencing aircraft liability insurance as to bodily injury and property damage, including passenger liability in an amount not less than the following minimum limits tied to seating capacity.

  • In determining the amount of any Loss which is not assessed or agreed to in Australian dollars, such Loss shall be converted into Australian dollars at the spot rate of exchange (the completion mid- point) for the relevant currency as published in the Australian Financial Review on the date such Loss is agreed to by the Insurer and Named Insured or determined by a final judgment by a competent court or arbitration panel.

  • The Insured and Named Insured agree that the Insured shall also act on behalf of all Named Insureds as to: • The giving and receiving of any notice under or in respect of this Policy (including notice of cancellation), • The payment of premiums and the receipt of any return premium, and • The acceptance of any endorsements to this Policy.

  • For the avoidance of doubt, any change in the rate of exchange between the Australian dollar and any other currency in which the amount of a Loss was originally assessed after the date that such Loss is agreed to by the Insurer and Named Insured or determined (as set out more fully in the definition of Loss in the Policy) will not affect the amount of Loss which is payable to the Insureds in Australian dollars.