valued policy law

valued policy law
valued policy law n: a law requiring insurance companies to pay to the insured in case of total loss the full amount of insurance regardless of the actual value of the property at the time of the loss

Merriam-Webster’s Dictionary of Law. . 1996.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • Valued-policy law — (Fire Insurance) A law requiring insurance companies to pay to the insured, in case of total loss, the full amount of the insurance, regardless of the actual value of the property at the time of the loss. [Webster 1913 Suppl.] …   The Collaborative International Dictionary of English

  • Valued Policy Law - VPL — A statute that requires insurance companies to pay the full value of the insurance to an insured entity in the event of a total loss. The Valued Policy Law does not consider the actual value of the insured property at the time of the loss;… …   Investment dictionary

  • valued policy law — noun : a law requiring insurance companies to pay to the insured in case of total loss the full amount of the insurance regardless of the actual value of the property at the time of the loss …   Useful english dictionary

  • valued policy — n: an insurance policy in which the insurer and insured agree on a stated amount that will be paid in the event of a future loss instead of an amount that would have to be proven as the actual loss Merriam Webster’s Dictionary of Law. Merriam… …   Law dictionary

  • policy — The general principles by which a government is guided in its management of public affairs, or the legislature in its measures. A general term used to describe all contracts of insurance. See policy of insurance. This term, as applied to a law,… …   Black's law dictionary

  • Office of National Drug Control Policy — Seal of the ONDCP The White House Office of National Drug Control Policy (ONDCP), a former cabinet level[1] component of the Executive Office of the President of the United States, was established in 1989 by the Anti Drug Abuse Act of 1988. Its… …   Wikipedia

  • Intelligence and public policy — A large body of research indicates that intelligence measures such as Intelligence Quotient (IQ) varies between individuals and between certain groups, and that they correlate with socially important outcomes such as educational achievement,… …   Wikipedia

  • Divorce law in Sweden —   Divorce Law in Sweden Legal Marriage Code 1987 Chapter 5 Parties Involved …   Wikipedia

  • Loss of chance in English law — refers to a particular problem of causation, which arises in tort and contract. The law is invited to assess hypothetical outcomes, either affecting the claimant or a third party, where the defendant s breach of contract or of the duty of care… …   Wikipedia

  • Energy policy of the United Kingdom — For energy use in practice, see Energy use and conservation in the United Kingdom The current Energy Policy of the United Kingdom is set out in the Energy White Paper of May 2007, building on previous work including the 2003 Energy White Paper… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”