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Inure |
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To result; to take effect; to be of use, benefit, or advantage to an individual. For example, when a will makes the provision that all Personal Property is to inure to the benefit of a certain individual, such an individual is given the right to receive all the personal property owned by the testator upon his or her death. inure v. result in. Commonly used in legal terminology in the phrase: "to inure to the benefit of Janet Jones." TO INURE. To take effect; as, the pardon inures. |
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| Courts have also mistakenly relied on ERISA's "anti-inurement" provision (29 USC Section 1103(c)(1)), which prohibits plan assets from inuring to the employer's benefit. New financial modeling capabilities, including those for account and location level reinsurance, reinstatements, inuring priorities, corporate catastrophe treaties, and stop loss treaties, allow insurers and reinsurers to model complex real-world insurance structures. 1) have no net earnings inuring to the benefit of any member, and |
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