In Malta , we use the conventional liability coverage when it comes to motor, which is, the ‘at fault’ insurance cover, where the insurer’s driver who is at fault is responsible to pay for the damages and injuries caused to the other driver. However, in countries like Australia, Canada and USA, a different type of policy is used. This is known as ‘No-fault’ insurance cover and also called Personal injury protection. No-Fault insurance coverage is a type of motor insurance liability where irrespective of who is at fault , both insurers pay for the damages and injuries of their own policyholder, in contrast to at fault insurance where the one who’s policyholder is at fault, meaning,
Agent- Principal 2. Master- Servant 3. Partner’s obligation So Vicarious Liability manages situations where one individual is obligated for the demonstrations of others. In the field of Torts it is thought to be a special case to the general decide that a man is obligated for his own particular demonstrations as it were. So for a situation
SOX Section 806 “Protection for Employees of Publicly Traded Companies Who Provide Evidence of Fraud” offers protection to whistleblowers who faced any kind of retaliation from employers or other entities. Boeing’s termination of Neumann and Tides cannot be protected under Section 806 as they did not report to the right groups, specifically a federal regulatory or law enforcement agency, the U.S. Congress, or a person with supervisory authority. Assessment of the Courts’ Decision over Neumann and Tides’ Dismissal Charges As per Section 806, Neumann and Tides may not be able to access whistleblower protections. Instead of going to supervisors who can investigate this matter, federal/regulatory agents, and the U.S. Congress, they spoke directly with the media. Although Neumann and Tides mentioned their IT internal control security controls to their managers, they did not pursue other formal company reporting measures.
Was there a fire and safety checks in place. An accident is when there’s an unexpected and unforeseeable cause of events that causes the loss of value, injury and increased liabilities. An accident is covered by insurance WHEN IS AN ACCIDENT COVERED BY INSURANCE? Accident insurance policies frequently insure not only against an act of God but also for accidents caused by a person's carelessness If the Stardust owners were to accept blame for the cause of the fire by not following or going through the fire regulations. They were in paying a huge sum of money to the people who were affected.
I spoke with Mrs. Jones, a Healthcare Quality Professional who manages a concierge practice regarding their billing process, she states that their practice bills the patient’s insurance for each appointment. The patient is liable for their deductible, any copays or charges that are not covered by their insurance plan. The retainer fee that patients are paying is for the direct access to a provider whom that they’ve built a relationship. Patients are being provided preventative care, have access to same day appointments, access after hour urgent care with direct access to their doctor. Other benefits include coordinated care and extended unrushed appointments.
The four sections are follows: Section I – Fire Insurance this policy provides protection against loss of or damage to property insured caused by Fire, Lightning including the following extended perils • Riot, Strike & Malicious Damage. • Bursting or overflowing of water tanks, apparatus and pipes. (Excess – the first RM1,000.00 of each and every loss. Where sum insured is less than RM50,000, the excess may be reduced to 1% of sum insured but subject to a minimum of RM100.00). • Explosion For extended peril coverage, kindly note that there are specific exclusions, limitations and excess clauses under the respective extended perils.
Rescuse cases (Volenti non fit injuria) • The defence of Volenti non fit injuria is inapplicable in the rescue cases • If the plaintiff voluntarily takes a risk to rescue somebody from the danger created by the wrongful act of the defendant • He will have tight to bring an action for damages against the defendant • The Doctrine of assumption of risk does not apply where the plaintiff has under an emergency caused by the defendant’s wrongful misconduct, Consciously and deliberatively, Consciously and deliberatively faced a risk, even death to rescue another from imminent danger of personal injury. Doctrine of res Ipsa Loquiter ( Things speaks for itself ) • It is the Rule of evidence Condition of the for the Application maxim There are three requirements which must be satisfied for the application of the rule of res Ipsa loquitur • Absence of explanation • Improbability of the happening • Management and control of the object in causing accident in the defendant 's hand Essential requisites for the Application of the Doctrine • The which causes the harm must be under control of the
CHAPTER 1 INTRODUCTION INSURANCE Insurance means equitable transfer of the risk of a loss, from one entity to another in exchange for payment. It is a risk management form primarily used to hedge against the risk of uncertain loss. An insurer is selling the insurance; the insured is the person buying the insurance policy. The money to be charged for a certain amount of insurance coverage is called the premium. The insured receives a contract which is called the insurance policy, it details with the conditions and circumstances under which the insured will be financially compensated.
MARITIME INSURANCE Marine insurance is a contract whereby the insurer undertakes to indemnify the assured, in manner and to the extent thereby agreed against marine losses, that is to say, the losses incident to marine adventure (Marine Insurance Act 1906, S.1). Indemnity is provided against the majority of losses which can occur during transit. The marine insurance market comprises insurance companies, Lloyds underwriters and private underwriters and in practice, each insurer pools the premiums received from the insured in order to pay claims and expenses, to build reserve fund against future losses and to secure a small margin of profit, hence insurance is said to be based on the principles of contribution (Harrington et al., 2004). Insurance
Car Insurance (Takaful) in U.A.E Literature Review I. INTRODUCTION Insurance is the reasonable transfer of the risk of a loss from one body to another in trade for payment. It is a form of risk management mainly used to attach against the risk of a group uncertain loss. An insurer is a company selling the insurance and policy holder is the person who is buying the insurance policy. The sum of money to be charged for a certain amount of insurance coverage is known as the premium.