Loss Payee Clause definition

Loss Payee Clause means a loss payee clause in substantially the same form as set out in Schedule 28 (Loss Payee Clause).
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Loss Payee Clause means a clause in a contract of insurance which provides that in the event of payment being made under the policy in relation to the insured risk, payment will be made to a third party (the County) rather than to the insured beneficiary of the policy (the Licensee);
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Loss Payee Clause. Any Builder’s Risk policy shall name County as loss payee. Loss, if any, shall be adjustable with and payable to County as trustee for all entities having an insurable interest, except in such cases as may require payment of all or a proportion of such insurance to be made to others as their interests may appear.
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Examples of Loss Payee Clause in a sentence

  • All sums paid as claims under this Policy shall, however, be made in accordance with the Loss Payee Clause.

  • All sums paid as claims under this contract of reinsurance shall, however, be made in accordance with the Loss Payee Clause.

  • Such insurance shall contain the standard Mortgage Clause and where applicable, Loss Payee Clause , which shall name and endorse Bank as mortgagee and loss payee.

  • Such insurance shall contain the standard "Mortgagee Clause" and where applicable, "Loss Payee Clause" which shall name and endorse Bank as mortgagee and loss payee.

  • Loss Payee Clause Property policy shall name County of San Diego as loss payee as its interests may appear.

  • Such Insurance shall contain the standard "Mortgagee Clause" and where applicable, "Loss Payee Clause", which shall name and endorse Bank as mortgagee and loss payee.

  • All coverages under Section 9.10(a) (1) shall name the Lender as an additional insured, and all coverages under Section 9.10(a) (2) shall contain a standard Mortgagee Clause and Lender Loss Payee Clause, as appropriate, with respect to the Collateral.

  • All coverages under Section 6.10(a) (1) shall name the Lender as an additional insured, and all coverages under Section 6.10(a) (2) shall contain a standard Mortgagee Clause and Lender Loss Payee Clause, as appropriate, with respect to the Collateral.

  • The Lease requires Property Damage Coverage and Loss Payee Clause.

  • All sums paid as claims under the reinsurance shall, however, be made in accordance with the Loss Payee Clause.