First party insurance definition

First party insurance means an insurance policy or contract in which the insurer
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First party insurance means an insurance policy or contract in which the insurer agrees to pay a claim submitted to it by the insured for the insured's losses.
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First party insurance means an insurance policy or contract in which the 696 insurer agrees to pay a claim submitted to it by the insured for the insured's losses. 697 [(70)] (72) (a) "Fixed indemnity insurance" means accident and health insurance written 698 to provide a fixed amount for a specified event relating to or resulting from an illness 699 or injury.
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Examples of First party insurance in a sentence

  • First party insurance carriers have no right of subrogation or reimbursement from the plaintiff’s tort recovery.

  • First party insurance may be acquired by potential victims of marine pollution, such as fisheries seriously harmed by ship-source oil spills.

  • First party insurance of vehicle in original.v. Name of the Driver & attested copy of his valid commercial driving license / badge in original.vi.

  • First party insurance in this case refers to first party insurance that car drivers would take to cover their own damage (as a victim).

  • First party insurance includes insurance for the nuclear reactor itself whereas third party insurance is insurance for victims of an accident who are directly or indirectly affected by it.Insurance can act as a liability vault for victims and operators alike.

  • Third Party• First party insurance is for when you suffer a loss, for example if there is damage to your property.• Third party insurance is for when someone else was harmed and they are now asking you for money or even suing you.

  • First party insurance shall mean insurance coverage for damages to the insured.

  • Payment made using in-store vouchers (e.g. FairPrice vouchers), Changi Dollar vouchers, Changi Rewards eVouchers, Changi Rewards Jewel Voucher, CapitaVoucher, eCapitaVoucher, Changi Rewards e-Voucher Flexi or Changi Gift Cards are excluded from the calculation of qualifying spend.

  • First party insurance covers damage caused to the policy-holder’s own property.

  • First party insurance disputes usually involve the insured versus the insurance company or vice versa.

Related to First party insurance

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

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

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

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

  • 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.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

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

  • 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.

  • 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.

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

  • Casualty insurance means liability insurance.

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • Personal lines insurance means property and casualty insurance coverage sold for primarily noncommercial purposes to:

  • general insurance business means any class of insurance business other than long-term insurance business;

  • Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.