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All of which is divided by the total value of all real and/or personal property at all locations multiplied by their respective rates. The average semiprivate rate in health insurance, the applicable average rate charged for a semiprivate room in the geographical area in which the charge is incurred. Average weekly wage rate used as the basis for calculating benefits under workers compensation insurance.
Assignment clause, life insurance feature in a life insurance policy allowing a policy owner to freely assign (give, sell) a policy to another or institution. For example, in order to secure a loan, a bank asks to be assigned the policy. If the insured dies before repayment of the loan, the bank would receive a portion of the death benefit that equals the outstanding loan, the remainder of the death benefit being payable to the insured's beneficiary. The fact that life insurance is freely assignable makes it a useful financial instrument through which to secure a loan. The insurance company does not guarantee the validity of the assignment.
Assailing thieves individuals other than the crew of a ship who forcefully steal the ship and/or its cargo. This event is an insured peril under ocean marine insurance. Assault threatening act, physical and/or verbal, which causes a person to reasonably fear for life or safety. For example, if a boxing champion said he was going to hit someone, this would probably cause a reasonably prudent person to fear serious bodily injury.
An insured's liability for assault is excluded from all standard liability policies such as the special multiperil insurance (SMP) and the homeowner's insurance policy. Assessable insurance coverage in which an initial premium is charged, with the stipulation that an additional premium can be charged later if the loss experience of the insurance company warrants it; that is if losses exceed premium income.
All of which is divided by the total value of all real and/or personal property at all locations multiplied by their respective rates. The average semiprivate rate in health insurance, the applicable average rate charged for a semiprivate room in the geographical area in which the charge is incurred. Average weekly wage rate used as the basis for calculating benefits under workers compensation insurance.
Assignment clause, life insurance feature in a life insurance policy allowing a policy owner to freely assign (give, sell) a policy to another or institution. For example, in order to secure a loan, a bank asks to be assigned the policy. If the insured dies before repayment of the loan, the bank would receive a portion of the death benefit that equals the outstanding loan, the remainder of the death benefit being payable to the insured's beneficiary. The fact that life insurance is freely assignable makes it a useful financial instrument through which to secure a loan. The insurance company does not guarantee the validity of the assignment.
Assailing thieves individuals other than the crew of a ship who forcefully steal the ship and/or its cargo. This event is an insured peril under ocean marine insurance. Assault threatening act, physical and/or verbal, which causes a person to reasonably fear for life or safety. For example, if a boxing champion said he was going to hit someone, this would probably cause a reasonably prudent person to fear serious bodily injury.
An insured's liability for assault is excluded from all standard liability policies such as the special multiperil insurance (SMP) and the homeowner's insurance policy. Assessable insurance coverage in which an initial premium is charged, with the stipulation that an additional premium can be charged later if the loss experience of the insurance company warrants it; that is if losses exceed premium income.
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