Factbites
 Where results make sense
About us   |   Why use us?   |   Reviews   |   PR   |   Contact us  

Topic: Indemnity


Related Topics

In the News (Sun 15 Nov 09)

  
  Indemnity - Wikipedia, the free encyclopedia
In pre-biblical times, most societies allowed for non-equal indemnity; a person who was only injured was often allowed to kill the person responsible in revenge.
In the Unification Church, indemnity is a theological term involved in the absolution of sin.
On a few exceptional occasions, God required 'greater indemnity', as when he required the Israelites to wander 40 years in the desert after 10 of the 12 spies sent to Canaan reported faithlessly, "a year for every day".
en.wikipedia.org /wiki/Indemnity   (292 words)

  
 Indemnity -- Facts, Info, and Encyclopedia article   (Site not responding. Last check: 2007-11-07)
Indemnity is generally a payment for damages done.
An (Promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company) insurance payout is often called an indemnity, or it can be insurance to avoid paying expenses in case of a lawsuit.
A secular counterpart to lesser indemnity would be if a child broke a neighbor's window, and the neighbor accepted the child's apology as settling the matter.
www.absoluteastronomy.com /encyclopedia/i/in/indemnity.htm   (219 words)

  
 Thelen Reid & Priest LLP Law Firm: Reports: Legal update on construction indemnity clauses   (Site not responding. Last check: 2007-11-07)
Indemnity agreements are regularly used to allocate risk between parties on construction projects.
A typical indemnity agreement is designed to shift liability to the party who is thought to be more actively or primarily responsible for the events giving rise to the liability.
The indemnity agreement stated that all work performed by Dale Tile "shall be at the risk of SUBCONTRACTOR exclusively." The court found that, even more than the language in the agreement in Continental, this expression by the subcontractor was sufficient to provide indemnity in the absence of fault.
www.thelenreid.com /articles/report/rep38_idx.htm   (1087 words)

  
 Indemnity   (Site not responding. Last check: 2007-11-07)
Indemnity may include liability even for the indemnitee's own negligence and even for the indemnitee's sole negligence in all cases except construction cases, which are excepted by statute.
The Court held that the indemnity agreement indicated that the parties intended the broadest possible indemnity protection to Chrysler from the language used, but to the extent that the agreement provided indemnity to Chrysler for its own sole negligence, it would not be enforced and thus, Chrysler was entitled to contractual indemnity.
Although the indemnity language did not specifically provide for indemnity for Fischbach-Natkin's own negligence, the court held that it was broad-all inclusive language, and the surrounding circumstances indicated that the parties intended that Fischbach-Natkin be indemnified for its own negligence.
www.harveykruse.com /indemnit.htm   (6943 words)

  
 Hot Issues: Professional Indemnity Briefing Note   (Site not responding. Last check: 2007-11-07)
While professional indemnity is a specific class of insurance, reference to it (for example in APRA returns) may sometimes be a generic description including related classes such as Directors and Officers Insurance.
If an insured under a professional indemnity contract becomes aware of a potential claim, he or she may notify the insurer accordingly within the current policy period.
The professional indemnity insurers remaining in the Australian market do not have a taste for Medical Malpractice because of more frequent potential exposure to multi-million dollar awards for long tail claims, exacerbated by the delay in the commencement of proceedings by persons who were minors at the time of the injury.
www.ica.com.au /hotissues/briefnote.asp   (2520 words)

  
 Warranty & Indemnity Insurance
Warranty & Indemnity insurance provides cover for the contractual undertakings provided when a company is sold or undergoes any other process of change of ownership.
The parties and their advisors may have negotiated the warranties and indemnities under the agreement to their satisfaction, but these will count for little if the indemnifying party is unable to meet its financial obligations or if access to the funds is complicated by protracted litigation.
In most instances for a deal to proceed, purchasers should be able to gain all the comfort they need from their due diligence process and from the warranties and indemnities provided by the warranting vendors.
www.aon.com /uk/en/risk_management/insurance/transaction_liability/warranty_indemnity.jsp   (423 words)

  
 Choosing and Using a Health Plan   (Site not responding. Last check: 2007-11-07)
A person with indemnity insurance could go to any doctor, hospital, or other provider (which would bill for each service given), and the insurance and the patient would each pay part of the bill.
Indemnity plans pay their share of the costs of a service only after they receive a bill.
Some indemnity plans offer managed care-type options, and some managed care plans offer members the opportunity to use providers who are "outside" the plan.
www.ahcpr.gov /consumer/hlthpln1.htm   (3462 words)

  
 The Assistant Treasurer - Press Release - Medical Indemnity – Final Details of the Incurred but not Reported ...
Exemptions from the IBNR indemnity contribution will also be provided to doctors who have purchased comprehensive retroactive cover prior to 1 July 2003, and to doctors who have had their entire liabilities covered by a State or Territory Government.
Under the Government's IBNR Indemnity Scheme - one of several measures taken by the Government to address uncertainties surrounding the medical indemnity industry - the unfunded IBNRs of Medical Defence Organisations (MDOs) have been assumed by the Government to ensure that member doctors are not exposed to the risk of unmet "historical" claims.
Under the IBNR Indemnity Contribution legislation, which was passed by the Commonwealth Parliament in December 2002, doctors who belonged to UMP as at 30 June 2000 will be required to repay the Commonwealth’s IBNR Indemnity Scheme assistance over a period currently estimated to be ten years, unless they qualify for an exemption.
assistant.treasurer.gov.au /atr/content/pressreleases/2003/073.asp   (2078 words)

  
 Continental heller Corp. v. Amtech Mechanical Services, Inc. - indemnity agreements, showing of fault   (Site not responding. Last check: 2007-11-07)
The indemnity agreement required Amtech to indemnify Continental for loss which "arises out of or in any way connected with the performance of work under the subcontract." The contract further provided Amtech's liability for indemnity for any acts or omissions, willful misconduct or negligent conduct, whether active or passive, on the part of Amtech.
Further, the Court stated that the indemnity agreement did not require proof that Amtech's performance be a substantial factor in the loss suffered by Continental.
The Court felt that the indemnity agreement was commercially reasonable, given the role of each party in the construction, as well as the fact that each were sophisticated businesses involved in the field of construction.
www.lowball.com /WEEKLY/3-27-97.HTM   (821 words)

  
 Encyclopedia: Double Indemnity
Double Indemnity is a 1944 film noir It stars Fred MacMurray, Barbara Stanwyck and Edward G. Robinson.
The movie was adapted by Billy Wilder and Raymond Chandler from the novel Double Indemnity in Three of a Kind by James M. Cain that first appeared in 1935 in abridged, 8-part serial form in Liberty Magazine.
The story was based on a 1927 crime perpetrated by a married Queens woman and her lover.
www.nationmaster.com /encyclopedia/Double-Indemnity   (1139 words)

  
 IRMI - Indemnity and Insurance Provisions in E-Business Contracts   (Site not responding. Last check: 2007-11-07)
Traditional indemnity and insurance provisions in contracts are inadequate for contracts involving e-business activities.
Reviewing and negotiating indemnity and insurance provisions in contracts is an important way to manage these risks that are not covered—or are inadequately covered—by standard insurance policies.
However, traditional indemnity and insurance provisions in contracts are are inadequate for contracts involving e-business activities.
www.irmi.com /expert/Articles/2004/Rossi07.aspx   (1412 words)

  
 Are Your Construction Contract Indemnity Clauses Faulty?
The court, following the explicit language in the agreement, found that Continental Heller was entitled to indemnity because Continental Heller's loss was connected to Amtech's act of installing the valve.
Both Amtech and Continental were large, sophisticated firms that had carefully negotiated their indemnity agreement.
The indemnity agreement stated that all work performed by Dale Tile "shall be at the risk of SUBCONTRACTOR exclusively." The court found that, even more than the language in the agreement in Continental Heller, this expression by the subcontractor was sufficient to provide indemnity in the absence of fault.
www.constructionweblinks.com /Resources/Industry_Reports__Newsletters/August_21_2000/indemnity_clauses.htm   (1112 words)

  
 The St. Paul Companies | Insurance Products | Surety | Surety Forms | Indemnity Forms   (Site not responding. Last check: 2007-11-07)
Indemnity Agreements state the current terms and conditions whereby bond principals and indemnitors will hold St. Paul Surety harmless for bonds written on their behalf.
If you are such an agent, keep in mind that the indemnity forms are revised periodically, so please return to this page each time that you prepare a new agreement to insure that you are using the most recent version.
Agents are advised to prepare indemnity agreements in accordance with the Guide to the General Agreement of Indemnity which provides instructions on the various aspects of taking indemnity.
www.stpaul.com /content/products/coverage/surety/forms/indemnity_forms.html   (490 words)

  
 OSCN Found Document:SPECIAL INDEMNITY FUND v. LAXTON   (Site not responding. Last check: 2007-11-07)
Standards governing the commuting of future periodical installments of an award to a lump sum against the Special Indemnity Fund in advance of accrual are entirely different and dissimilar from those which apply to awards against an employer and insurance carrier.
Original proceeding brought by Special Indemnity Fund of the state of Oklahoma, administered by the State Insurance Fund, to review an order of the State Industrial Court allowing an award to be commuted to a lump sum and interest thereon made against it in favor of claimant.
An award against the employer may be commuted to a lump-sum in the exercise of a wide discretion and `plenary authority' vested in the State Industrial Court by the provisions of 85 O.S. Cole Spurgeon Drilling Company v.
www.oscn.net /applications/oscn/DeliverDocument.asp?citeID=36742   (4073 words)

  
 CONTRACTOR INSURANCE :: IT Contractor's Professional Liability Insurance :: INDEMNITY INSURANCE   (Site not responding. Last check: 2007-11-07)
Indemnity is respect of Legal Liability for claims made by employees for illness/injuries sustained by them arising out of and in the course of their business.
Members of the Institute of Plumbing who have professional indemnity insurance and who may be able to provide reports and surveys, as well as acting in an 'expert witness' capacity.
Zurich Professional provides professional indemnity insurance for solicitors, accountants as well as miscellaneous professions.We are the number one insurer of firms of solicitors in England & Wales.
www.e-insurancedirectory.com /contractors.php   (1895 words)

  
 Medical Indemnity: Certainty for Doctors   (Site not responding. Last check: 2007-11-07)
The government recognises however that doctors are concerned that the move to contracts of medical indemnity insurance may potentially leave them financially exposed to large awards and settlements in the future (the so-called ‘blue sky’ issue).
In particular doctors are concerned that the long tailed nature of medical negligence claims — which in extreme cases can take over twenty years to be finalised — and the high rate of claims ‘inflation’ may leave them personally liable for that portion of future payouts that exceed their level of cover.
The Blue Sky Scheme will be funded by an ex post charge imposed on the MDO that insures the doctor against whom the damages are payable; this is consistent with existing arrangements where the MDOs tend to make ex post ‘calls’ on their members to meet any unfunded liabilities.
www.pm.gov.au /news/media_releases/media_Release152.html   (1177 words)

  
 The Assistant Treasurer - Press Release - Medical Indemnity Package Finalised [23/05/2003]
Medical indemnity cover of $20 million is currently available, and higher cover limits will be offered in the future.
The Government's medical indemnity package is comprehensive and addresses both the affordability and safety of doctor's professional indemnity insurance.
Providers of medical indemnity will have to be prudentially regulated in the same way that insurance companies are regulated.
assistant.treasurer.gov.au /atr/content/pressreleases/2003/039.asp   (871 words)

  
 OSCN Found Document:SPECIAL INDEMNITY FUND v. POGUE   (Site not responding. Last check: 2007-11-07)
For the purpose of determining claimant's aggregate disability in a proceeding against the Special Indemnity Fund, only those pre-existing disability factors which individually operate to render claimant a physically impaired person, as defined by 85 O.S.1961 § 171, are authorized to be considered in combination with disability from the last accidental injury standing alone.
An award against the Special Indemnity Fund will be vacated on review when its liability is based on medical evaluation which takes into account a disability factor whose combination with the last injury standing alone is unauthorized by law.
The evidence, to be in sufficient compliance with the requirements of the cited statute, must show that the impaired eye was, at the time of the last accident, either industrially blind or completely without any visual acuity.
www.oscn.net /applications/oscn/DeliverDocument.asp?citeID=36454   (878 words)

  
 [No title]
-- A toast; Homer, "The Dumbbell Indemnity" % The barflies concur.
-- "The Dumbbell Indemnity" % In the dimly lit Tavern, Moe attempts to explain the plan to Homer, much % to his difficulty; Homer must steal Moe's car while all the cops in town % are on the police department's moonlight cruise, along with Moe.
Homer: (Gasp!) -- "The Dumbbell Indemnity" % At his Tavern, Moe is packing for Hawaii (a lillypad, some pineapples, a % beach pistol, a scandelously revealing thong - the usual stuff).
www.snpp.com /episodes/5F12.html   (4173 words)

  
 ERIE Indemnity Company FAQs
Erie Indemnity Company is registered with the Securities and Exchange Commission (SEC) and is a publicly-owned company.
A reciprocal is an unincorporated group of persons known as subscribers who, under a common name, exchange insurance contracts with each other for the purpose of providing indemnity among themselves from losses through a common attorney-in-fact.
An attorney-in-fact is a legal entity (Erie Indemnity Company, a corporate attorney-in-fact) that is legally appointed by another (subscribers of the Erie Insurance Exchange) to transact business on its behalf.
www.erie-insurance.com /AboutUs/InvtrRelation/Indemnity/FAQ.htm   (559 words)

  
 NEA Arts Indemnity Program: Information Advisory
The indemnity agreement is backed by the full faith and credit of the United States.
The application deadlines are October l, for Certificates of Indemnity that may be issued as early as the following January l; and April l, for Certificates that may be issued as early as the following July l.
To assist the Panel and Council with long range planning of indemnity allocations, future applicants are encouraged, but not required, to submit preliminary statements about future exhibitions as much as four years in advance of the indemnity period.
arts.endow.gov /grants/apply/Indemnity/Advisory.html   (591 words)

  
 Indemnity Carriers & HMOs for Point-of-Service Coverages   (Site not responding. Last check: 2007-11-07)
Almost all of the economic costs to persons required to comply with the new sections for each year of the first five years the sections will be in effect are the result of the legislative enactment of House Bill 1498 and not the result of the adoption, enforcement, or administration of the new sections.
The total cost to HMO and indemnity carriers affected by the proposed sections is not dependent upon the size of the carrier, but rather is dependent on the amount of coverage that the HMO and indemnity carriers decide to offer.
The number of plan documents distributed by the HMO and indemnity carriers would be dependent upon the entities targeted for their business and the enrollees and potential enrollees associated with the entities who accept the point-of-service plan marketed by the HMO and indemnity carriers.
www.tdi.state.tx.us /rules/service.html   (2870 words)

  
 Insurance Commissioner Obtains Conservation Order Over Fremont Indemnity Company   (Site not responding. Last check: 2007-11-07)
Despite the fact that it had not written a significant amount of business since 2000, Fremont Indemnity, based on its own actuarial analysis, was required to increase its loss reserves by approximately $300 million in 2002 to cover the increasing loss costs of its business.
Fremont Employers is not affected by the conservation of Fremont Indemnity.
Glendale-based Fremont Indemnity is owned by the Fremont Compensation Insurance Group, which is a subsidiary of Fremont General Corporation.
www.insurance.ca.gov /PRS/PRS2003/nr065-03.htm   (424 words)

  
 Indemnity - Agreements for Download
Deed of indemnity with sureties to the company for transfer of shares without insisting for succession certificate, etc.
Deed of indemnity by the partner retaining assets and liabilities to a partner on the dissolution of the partnership firm
Indemnity given to the bank by the natural guardian of minor children
www.vakilno1.com /froms_html/indemnity.html   (106 words)

  
 Insurance - Consent Agreement - American International Pacific Ins Co/New Hampshire Indemnity Co
The purpose is to resolve, without resort to an adjudicatory proceeding, issues relative to the above insurers' privileges to maintain certificates of authority in the State of Maine.
American International Pacific Insurance Company and New Hampshire Indemnity Company rate and rule revision form filings PA-ME-9750 and PA-ME-9751 were not approved by the Bureau of Insurance at that time.
American International Pacific Insurance Company and New Hampshire Indemnity Company, Inc. jointly will pay a penalty in the amount of $10,000 (ten thousand dollars) to the Maine Bureau of Insurance, made payable to the Treasurer of the State of Maine, within fourteen days from the effective date of this Consent Order.
www.state.me.us /pfr/ins/mcins9721.htm   (666 words)

  
 Professional Indemnity Insurance - Professional Insurance Agents UK
Without Professional Indemnity Insurance companies would expose themselves and run the risk of being sued for to all sorts of claims.
To name just a few areas that, a Professional Indemnity Insurance policy may cover you for areas such as libel and slander, professional neglect, malicious falsehood, passing off copyrights, breach of confidentiality, and negligent statement or actions.
This will take you to a selection of Professional Indemnity Insurance classes, where you will be able to download a proposal form, complete and return it to us by e-mail or post.
www.professionalinsuranceagents.co.uk   (255 words)

Try your search on: Qwika (all wikis)

Factbites
  About us   |   Why use us?   |   Reviews   |   Press   |   Contact us  
Copyright © 2005-2007 www.factbites.com Usage implies agreement with terms.