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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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.

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

  • In the event that Vision elects to receive shares of Common Stock from the Escrow Shares pursuant to the foregoing and if the Escrow Shares then remaining are insufficient to satisfy the Principal Stockholder’s obligations under Sections 1.3 and 1.4 of the Securities Escrow Agreement, the Principal Stockholder shall deliver to the Escrow Agent additional shares of Common Stock it owns in the amounts released to Vision within five (5) days of the release of such shares from escrow.

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

  • 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 shall mean insurance coverage for damages to the insured.

  • It shifts from 116 to 113 K when cooling at 1 K/min instead of 30 K/min, a typical signature of a glass transition.

  • First party insurance is not considered, except as a point of reference.The questionnaire is further limited to schemes in which private insurers play or can play a role.

  • First party insurance through medical payment coverage, personal injury protection, no-fault coverage, uninsured or underinsured motorist coverage;3.

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;

  • 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 in an aggregate amount acceptable to Seller’s regulators.

  • 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.

  • Blanket insurance policy means a group policy covering a defined class of

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

  • Casualty insurance means liability insurance.

  • 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 has the meaning set forth in Section 6.15.

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