Mandatory Insurances definition

Mandatory Insurances means the P&I, Hull and Machinery/Increased Valuation and War P&I/H&M/IV.
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Mandatory Insurances means the insurances to be taken out in respect of each Vessel owned by a Restricted Group Company, including:
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Mandatory Insurances means the
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Examples of Mandatory Insurances in a sentence

  • If required by Southern Ports, the Port User must promptly effect and maintain the Mandatory Insurances.

  • Loss or Damage means the occurrence of liability, loss or damage that is covered under any of the Mandatory Insurances.

  • Under Korean law, an employer is required to enroll its employees into the national pension, national health insurance, industrial accident insurance, and unemployment insurance (a.k.a. Four Mandatory Insurances).

  • Without limitation, the Carrier must take out and maintain the Mandatory Insurances and any insurance specified in any Requests.

  • Estimation of redundancy compensation Gross amounts of redundancy compensation, as well as the amounts of taxes and social contributions paid by beneficiaries are processed from the Report on Income, Income Tax and Surtax as well as Contributions for Mandatory Insurances (JOPPD report), collected by Ministry of Finance, Tax Administration.

  • Insurance policy requirements The insurance policies referred to in clause 19.1 (Mandatory Insurances) must be obtained from a reputable and solvent insurer with a financial rating of at least A- as rated by Standard & Poor's (Australia) Pty Limited or an equivalent rating from another internationally recognised rating agency.

  • Different conditions were imposed to equivalent transactions with its competitors to the extent that it has harmed competition in the downstream market for the sale of Mandatory Insurances.

  • Issue 7: Mandatory Insurances There are two mandatory insurances that need to be set up by every Hong Kong employer: the ‘Mandatory Provident Fund’ (“MPF”) and the ‘Employers Compensation Insurance’ (“ECI”).

  • The Security Vessels shall also be adequately insured under the Mandatory Insurances.


More Definitions of Mandatory Insurances

Mandatory Insurances means employer’s liability insurance and such other insurance as may from time to time be required by any Law; and
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Related to Mandatory Insurances

  • obligatory insurances means, in relation to a Ship, all insurances effected, or which the Borrower owning the Ship is obliged to effect, under Clause 13 or any other provision of this Agreement or another Finance Document;

  • Primary insurance means the policies listed in this policy’s Umbrella Schedule.

  • Insurances means, in relation to a Ship:

  • Crew Insurances means insurances against crew risks which shall include but not be limited to death, sickness, repatriation, injury, shipwreck unemployment indemnity and loss of personal effects.

  • Special Primary Insurance Premium With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. Statutory Trust Statute: Chapter 38 of Title 12 of the Delaware Code, 12 Del.C. §3801 et seq., as the same may be amended from time to time.

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • 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”)

  • Excess insurance means insurance purchased from an insurance company authorized or admitted in the State of New Jersey or deemed eligible by the Commissioner as a surplus lines insurer or from any other entity authorized to provide said coverage in this state pursuant to law, covering losses in excess of an amount set forth in insurance contracts on a specific occurrence, or per accident or annual aggregate basis.

  • Company Insurance Policies has the meaning set forth in Section 3.14.

  • 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.

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.

  • Insurance Provider s Tender” means the completed Tendering Document submitted by the Insurance Provider to the Procuring Entity

  • Type of insurance means coverage afforded under the particular policy that is being placed.

  • Surplus lines insurance means insurance in this State of risks located or to be performed in this State, permitted to be placed through a licensed broker with a nonadmitted insurer eligible to accept the insurance, other than reinsurance, wet marine and transportation insurance, insurance independently procured, and life and health insurance and annuities. Excess and stop‑loss insurance coverage upon group life, accident, and health insurance or upon a self‑insured’s life, accident, and health benefits program may be approved as surplus lines insurance.

  • Insurance Premiums shall have the meaning set forth in Section 6.1(b) hereof.

  • Required Insurances means collectively the Project Facility Insurances and the Contractor Insurances.

  • Force-Placed Insurance shall have the meaning set forth in Section 4.4.

  • Insurance producer means a person required to be licensed under the laws of this state to sell, solicit or negotiate insurance, including annuities.

  • statutory instrument means an instrument (including a regulation) made or in force under or for the purposes of this Law, and includes an instrument made or in force under any such instrument;

  • 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.

  • Policies shall have the meaning set forth in Section 6.1(b) hereof.

  • Self-insurance means the licence holder's financial capacity to meet any liability to a third party in respect of which the licence holder does not otherwise have insurance.

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

  • Net Insurance Proceeds Insurance Proceeds, to the extent such proceeds are not to be applied to the restoration of the related Mortgaged Property or released to the Mortgagor in accordance with the express requirements of the Mortgage or Note or other Loan Documents included in the Mortgage File or in accordance with the Servicing Standard, or with respect to the environmental insurance policy, applied to pay any costs, expenses, penalties, fines or similar items; provided that, in the case of an Outside Serviced Mortgage Loan, “Net Insurance Proceeds” under this Agreement shall be limited to any related Insurance Proceeds that are received by the Trust Fund in connection with such Outside Serviced Mortgage Loan, pursuant to the allocations set forth in the related Co-Lender Agreement.

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • Underlying insurance means the DESIGNATED UNDERLYING POLICY and all insurances affording professional liability insurance coverage to any INSURED hereunder which are considered to be primary to this insurance, including without limitation, any such mandatory insurance coverage afforded any INSURED by any law society or other program, and any such non-mandatory insurances purchased as coverage or primary to (beneath) this POLICY coverage, but in no case shall include any insurance specifically acquired and stated to be in excess of this POLICY. Signed on behalf of Lawyers’ Professional Indemnity CompanyDaniel E. PinningtonDaniel E. PinningtonPresident and Chief Executive Officer Endorsement No . 1pollutIon exClusIonThis POLICY, subject to all its terms and conditions not in conflict with this endorsement, and further to Part III Exclusion (g), shall include the following:This insurance does not apply to:(a) damage arising out of the actual, alleged or threatened discharge, seepage, dispersal, release or escape of pollutants: