Accident Forgiveness LOAN VALUE Covered expenses. Those specified expenses paid for under the terms of a specific policy.
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Insurance Terms Used in the Area of Sureties and Bonds The determination of a court upon matters submitted to it. A final determination of the rights of the parties involved in the lawsuit. Certified Check: A check guaranteed for payment by the issuing bank after verifying that sufficient funds exist in the account of the person who has issued that check. The concerned banking institution usually keep aside the amount of the check from the account of the person issuing the check holders', so that the check can be honored. A fee is also charged by the banking institutions for certifying a check.
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LIABILITY INSURANCE Regulation X: A regulation that puts a limit on the amount of credit that can be granted for purchasing securities from brokers, dealers or lending institutions. The full cost to repair or replace the damaged property with no deduction for depreciation, subject to policy limits and contract provisions. |
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