Our named insured
is the owner of the building on record, the insurance is in her name, and the home is the named insured
's primary residence.
Therefore, if the activities of the additional insured
(instead of the named insured
) cause injury to someone, the named insured
's CGL form will apply to a claim as long as there is some connection between the additional insured
's activities and the named insured
's operations or premises.
Legal representative--In the case of the death of the named insured
, its legal representative has all of the insured
's rights and duties under the coverage form.
Conversely, the party supplying additional insured
coverage must be sure that: (a) all defense costs are paid "outside" of the limits of liability; or (b) its defense obligation is capped at a reasonable amount.
As in the cash surrender value method, the difference between the carrying amount of the policy and its face amount is recognized as a gain at the death of the insured
, although the amount of the gain is significantly reduced.
As for liability for bodily injuries or property damage to property (other than to the borrowed or hired auto itself), the BAP will provide coverage if the insured
chooses the right symbol and places it next to the liability column on the declarations form; symbols 1 or 8 will provide liability coverage for hired or borrowed autos.
The insurance clause in the contract asks you to add the ropes course owner to your camp's liability policy as an additional named insured
1813(b)) that is an insured
depository institution as defined in section 3 of the act (12 U.
The Service asserts that A lacked an insurable interest in the lives of the 2,435 employees insured
under the P policies.
As an example, the named insured
under a BAP is a corporation; it does not own any autos; it allows an executive officer to rent cars in his own name or encourages him to borrow cars when needed, in order to carry out his functions as an officer of the company.
When an insured
employee dies, the split of benefits usually is determined by the interests in the arrangement.
It is very common for the named insured
camp to enter into a variety of relationships involving the use of a third party's property or equipment.