Tort, Intentional
Deliberate act or omission. These torts include trespass an individual enters property owned or in the possession of another without permission; conversion an individual exerts control and subverts another's property to his or her own benefit; assault an individual's conduct causes another to fear for his or her life or the damage to his or her property; battery an individual physically strikes another without permission; false imprisonment an individual confines another illegally; libel dissemination of written injurious and false information about another's character; and slander oral dissemination of injurious and false information about another's character.
Popular Insurance Terms
in PERSONAL PROPERTY insurance, coverage is for personal property items that are movable, that is, not attached to the building's structure (the home), such as television sets, radios, ...
Premiums paid with funds that are not borrowed from life insurance. It is important to ascertain the finance charges and the costs/benefits of such a transaction. ...
Insurance company that specializes in underwriting casualty insurance. ...
Federal legislation that established the old age survivors, disability, and health insurance (OASDHI). ...
Type of guaranteed investments contract that enables the sponsor of the plan to own the title of the underwriting assets. In addition, benefit payments at book value are made for qualified ...
Background information used in life and health insurance underwriting to ascertain the probability of hereditary disease. The purpose is to determine if the disease is of such a nature that ...
Coverage for sample merchandise while in the custody of a salesperson. ...
Specified requirements of minimum age and years of service to be met by an employee before the individual's benefits are vested. For example, under the ten year vesting rule, "n employee ...
Appreciation in the unsold assets' value. When assets are sold, their capital gain (loss) is shown on the insurance company's income statement; any unrealized gain or loss is not included ...
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