Jones Act (merchant Marine Act)
Federal law passed in 1920 that allows any seaman incurring bodily injury as the result of the performance of one or more functions of the job to bring a suit for damages against the employer. The employer's exposures under the act consist of negligence, unseaworthiness of the vessel, and disability income for the injured man or woman.
Popular Insurance Terms
Same as term Coinsurance: ...
Model act written and published by the national association of insurance commissioners (naic) whose purpose it is to regulate brokers who control insurance companies. The act permits the ...
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Qualified pension or other employee benefit where responsibility rests with an employer rather than an insurer. A trust fund plan, where assets are deposited with and invested by a trustee, ...
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Means of providing insurance protection for the property of a business that is not at a fixed location. ...
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Coverage for the federal government in the event of loss due to dishonest acts of federal government employees. ...
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