Contract of insurance Sample Clauses
A contract of insurance is a legally binding agreement between an insurer and a policyholder, where the insurer promises to compensate the policyholder for specified losses in exchange for premium payments. This clause outlines the essential elements required for the insurance contract to be valid, such as the identification of the parties, the subject matter insured, the risks covered, and the terms of coverage. By clearly defining the mutual obligations and expectations, the clause ensures both parties understand their rights and responsibilities, thereby reducing the risk of disputes and providing a framework for financial protection against specified risks.
Contract of insurance. Contract of insurance" means a written agreement between an insurer and policyholder pursuant to which the insurer, in exchange for premium or other consideration, agrees to assume an obligation or risk of the policyholder or to make payments on behalf of, or to, the policyholder or its beneficiaries. Contract of insurance may include property, casualty, life, health, accident, surety, title and annuity business authorized to be written pursuant to the insurance laws of this State.
Contract of insurance. The contract of insurance under Title I covering the FHA Loans under the name The Bank of New York, or any successor thereto, as Contract of Insurance Holder hereunder.
Contract of insurance. No obligation. However, the seller must provide to buyer, at the buyer’s request, risk and expense (if any), with information that the buyer needs for obtaining insurance.
Contract of insurance a perfected contract of sale, even without delivery, vests in the vendee an equitable title, an existing interest over the goods sufficient to be the subject of insurance
1. Sales of separate lots by auction are separate contracts of sale.
2. Sale is perfected by the fall of the hammer
3. Seller has the right to bid in the auction, provided:
a) such right was reserved
b) notice was given that the sale was subject to a right to bid on behalf of the seller c) right is not prohibited by law or by stipulation
Contract of insurance. The contract of insurance under Title I covering the Loans held under the name First Trust of New York, National Association, or any successor thereto, as Contract of Insurance Holder hereunder.
Contract of insurance. No obligation.
Contract of insurance. This contract shall be non-cancelable by AFC except for:
Contract of insurance. The contract of insurance under Title I covering --------------------- the FHA Loans held under the name EFC Securitized Assets, L.C., or any successor thereto, as Contract of Insurance Holder hereunder. Contract of Insurance Holder: EFC Securitized Assets, L.C., its ---------------------------- successors in interest, and any successor thereto pursuant to the terms of this Agreement. Co-Owner Trustee: First Bank National Association, a national banking ---------------- association, in its capacity as the Co-Owner Trustee under the Trust Agreement acting on behalf of the Certificateholders, or any successor co- owner trustee under the Trust Agreement.
Contract of insurance. See Policy.
Contract of insurance. The contract of insurance under Title I covering --------------------- the FHA Loans held under the name EFC Securitized Assets, L.C., or any successor thereto, as Contract of Insurance Holder hereunder. Contract of Insurance Holder: EFC Securitized Assets, L.C., its ---------------------------- successors in interest, and any successor thereto pursuant to the terms of this Agreement.