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liability clause

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См. также в других словарях:

  • no liability clause — A clause in a liability policy, providing that there shall be no liability in case the risk is covered by other valid or collectible insurance. 7 Am J2d Auto Ins § 201 …   Ballentine's law dictionary

  • diminished liability clause — A provision in an accident insurance policy for a decrease of benefits upon the insured engaging in an occupation more hazardous than the one under which he was insured. 29 Am J Rev ed Ins § 768 …   Ballentine's law dictionary

  • net contribution clause — A net contribution clause may also be known as a proportional liability clause. Such a clause is a common feature in many standard form contracts used in the construction and engineering industry, such as the appointment of an architect or an… …   Law dictionary

  • pro rata clause — n: a clause in an insurance policy limiting an insurer s liability for a loss to a proportionate share in relation to coverage collectible from other insurers for the same loss – called also pro rata liability clause, standard other insurance… …   Law dictionary

  • Financial Responsibility Clause — A provision within an automobile insurance policy which indicates that the policy holder has the minimum amount of coverage required by the state that he or she is driving in. Financial responsibility clauses are used to ensure that the driver… …   Investment dictionary

  • omnibus clause — Clause in a will or decree of distribution passing all property not specifically mentioned or known of at the time. Such a clause in automotive liability policy extends coverage thereunder to person using automobile owned by named insured with… …   Black's law dictionary

  • Exclusion clause — An exclusion clause is a term in a contract that seeks to restrict the rights of the parties to the contract. Exclusion clauses generally fall into one of these categories:Traditionally, the district courts have sought to limit the operation of… …   Wikipedia

  • Nuclear Liability Bill — The Civil Liability for Nuclear Damage Bill 2010 or Nuclear Liability Bill is a highly debated and controversial bill which was passed by both houses of Indian parliament. The Bill aims to provide a civil liability for nuclear damage and prompt… …   Wikipedia

  • Directors and officers liability insurance — (often called D O) is liability insurance payable to the directors and officers of a company, or to the organization(s) itself, to cover damages or defense costs in the event they suffer such losses as a result of a lawsuit for alleged wrongful… …   Wikipedia

  • Himalaya clause — A Himalaya clause is a contractual provision expressed to be for the benefit of a third party who is not a party to the contract. Although theoretically applicable to any form of contract, most of the jurisprudence relating to Himalaya clauses… …   Wikipedia

  • Professional liability insurance — (PLI), also called professional indemnity insurance (PII) but more commonly known as errors omissions (E O) in the US, is a form of liability insurance that helps protect professional advice and service providing individuals and companies from… …   Wikipedia

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