- Security; insurance; exemption from loss or damage, past
or to come; immunity from penalty, or the punishment of past offenses;
amnesty. - Indemnification, compensation, or remuneration for loss,
damage, or injury sustained.
Protection and indemnity insurance (P&I) Protection and indemnity insurance (P&I) coverage that can be added to an ocean marine insurance policy to provide liability insurance for
Principle of indemnity Principle of indemnity allows principle that states the insurer agrees to pay no more than the actual amount of the loss. The insured should not profit from a covered loss but should be restored to approximately
Double indemnity rider Double indemnity rider is a benefit that can be added to a life insurance policy doubling the face amount of life insurance if death
Bond of Indemnity Bond of Indemnity is an insurance policy that indemnifies the corporation, the shareholder and the Transfer Agent against any and all claims arising from the replacement by the Transfer Agent of
Double indemnity Double indemnity is a feature that guarantees that twice the face value of a life insurance policy will be paid if the insured dies accidentally.
Rule of indemnity Rule of indemnity is the requirement that the insured cannot collect more than the amount of the loss and cannot collect for the same loss
Indemnity Indemnity is the protection of security against financial loss if and when it may occur. This is the principle upon which insurance...
Definition
[ n.]