Nuclear Energy Liability Insurance
Definition of "Nuclear energy liability insurance"
Coverage for bodily injury and property damage liability resulting from the nuclear energy material (whether or not radioactive) on the insured business's premises or in transit. This insurance has become more significant since the Three Mile Island accident. In order to obtain a license for a nuclear facility, there must be evidence of financial responsibility such as insurance. Nuclear energy liability is excluded from nearly all other liability policies.
Popular Insurance Terms
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Earliest age at which an employee can retire without a penalty reduction in pension benefits after having reached a minimum age and served a minimum number of years with an employer. ...
For loss of an obligee in the event that the principal fails to perform according to standards agreed upon between the obligee and the principal. ...
Arguments composed of assumption of risk, contributory negligence, and fellow servant rule. ...
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Written statement by an insurance company attesting to the powers it has vested in an agent. ...
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Person other than the annuitant as designated by the policyholder on whose life expectancy the annuity payment is also based. ...
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