To indemnify, also known as indemnity or indemnification, means compensating a person for damages or losses they have incurred or will incur related to a specified accident, incident, or event. Typically, parties make a written agreement in...
insurance
indemnity
Indemnity is a type of insurance that covers a wide range of damages and losses. In the indemnity clause, one party commits to compensate another party for any prospective loss or damage. More common is in insurance contracts, in exchange for...
informed consent doctrine
The informed consent doctrine is a legal principle that holds healthcare providers accountable for ensuring that their patients are fully informed about any medical procedures or treatments before they agree to them. The idea behind this...
insurance
Insurance is an arrangement or contract in which one party agrees to indemnify another against a predefined category of risks in exchange for a premium. Depending on the contract, the insurer may promise to financially protect the insured...
Insurance - State statutes
insurance fraud
Insurance fraud refers to any duplicitous act performed with the intent to obtain an improper payment from an insurer. Like fraud more generally, insurance fraud is both a civil tort and a criminal wrong. The pervasiveness of insurance fraud...
insured
An insured is a person or organization whose life, health, or property is covered by an insurance policy. The insured's loss results in the insurer's obligation to pay the proceeds of the insurance policy.
By contrast, the...
insurer
The insurer is the party in an insurance contract that promises to pay compensation. The insurer is an entity, usually an insurance company, that underwrites the insured risk.
By contrast, the insured is a person or...
inventory
Inventory is a detailed list of assets or property that are currently in possession or available for use. In a business context, inventory typically refers to the total amount of goods or products that a company has on hand and available for...
Investor Protection Guide: Equity-Indexed Annuities
An Equity-Indexed Annuity (“EIA”) is a financial product from insurance agencies that offers a minimum guaranteed return combined with a return linked to a market index. EIAs involve an “accumulation period,” when an investor makes a lump sum...