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Showing 1971–1980 of 12130 articles for “Art. Options — weighted average premium rule”
Property insurance is an indemnity contract; the indemnity payable by the insurer to the insured may not exceed the value of the insured item at the time of the loss.It may be stipulated that the insu…
Any person with an interest in the preservation of a thing may insure it. Any direct or indirect interest in the non-occurrence of a risk may be insured.
Any person who is insured with several insurers under several policies, for the same interest, against the same risk, must immediately inform each insurer of the other insurers.At the time of such not…
The injured third party has a direct right of action against the insurer covering the civil liability of the person liable. The insurer may not pay to anyone other than the injured party all or part o…
The fire insurer is liable for all damage caused by conflagration, flashover or simple combustion. However, it is not liable, unless otherwise agreed, for damage caused solely by the action of heat or…
The insurer shall only be liable for material damage resulting directly from the fire or the outbreak of fire, unless otherwise agreed.If the expert assessment is not completed within three months of…
The insurer may provide for a reduction in the premium or contribution under the insurance policy covering fire damage where it is established that the obligations set out in articles…
For the purposes of this chapter, a claim is any loss or damage or a series of losses or damage caused to third parties for which the insured is liable, resulting from a harmful event and giving rise…
…y, the insurance terminates ipso jure and the insurer must return to the insured the portion of the premium paid in advance and relating to the time for which the risk is no longer incurred.
In the event of the alienation of a terrestrial motor vehicle or its trailers or semi-trailers, and only in respect of the vehicle alienated, the insurance contract shall be suspended ipso jure from m…
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