Damages

Definition of "Damages"

Sum the insurance company is legally obligated to pay an insured for losses incurred.

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Recording and presentation of financial statements, such as the annual statement, by the insurance c ...

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Supplementary Coverage

In property insurance, percentages of basic coverages which may be applied to provide coverage for o ...

Three-fourths Loss Clause

Provision requiring insurance company to pay no more than three-fourths of the actual cash value of ...

National Association Of Public Insurance Adjusters

Trade association whose objective is to further the interests of its membership, as well as to infor ...

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