Single risk definition
Single risk means the insured amount of any title
Single risk means the insured amount of any title insurance policy, except that where 2 or more title insurance policies are issued simultaneously covering different estates in the same real property, "single risk" means the sum of the insured amounts of all such title insurance policies. Any title insurance policy insuring a mortgage interest, a claim payment under which reduces the insured amount of a fee or leasehold title insurance policy, shall be excluded in computing the amount of a single risk to the extent that the insured amount of the mortgage title insurance policy does not exceed the insured amount of the fee or leasehold title insurance policy.
Single risk means the insurance provided with respect to each separate loan or lease covered by an individual policy of mortgage guaranty insurance or an individual certificate issued pursuant to K.S.A. 40-3511, and amendments thereto.
More Definitions of Single risk
Single risk means one risk assessed as such and shall include one Known accumulation of risks as defined by the underwriting guidelines of the insurer and which definition shall be aligned to that specified in the terms and conditions of the Treaty Reinsurance protection arrangement of the insurer applying to the Line(s) of Business and/or Product.
Single risk means the insurance provided with respect to each separate loan or lease covered by an individual policy of mortgage guaranty insurance or an individual certificate
Single risk means the insured amount oE any title insurance policy, except that where 2 or more title insurance policies are issued simultaneously covering diEEerent estates in the same real property, "single risk" means the sum oE the insured amounts oE all such title insurance policies. Any title insurance policy insuring a mortgage interest, a claim payment under which reduces the insured amount oE a Eee or leasehold title insurance policy, shall be excluded in computing the amount oE a single risk to the extent that the insured amount oE the mortgage title insurance policy does not exceed the insured amount oE the Eee or leasehold title insurance policy.
Single risk means the insured amount of any policy or contract of title