Examlex
A closed-end fund is:
Liability Case
A legal dispute or lawsuit in which the plaintiff seeks damages from the defendant due to injury or loss caused by the defendant’s actions or negligence.
Increase Of Hazard Clause
A provision in insurance policies allowing the insurer to void the policy if the risk insured against significantly increases.
Punitive Damages
Punitive Damages are monetary compensations awarded in civil cases to punish the defendant for willful, fraudulent, or grossly negligent acts, and to deter similar conduct.
Subrogation
Subrogation is a legal right held by most insurance carriers to legally pursue a third party that caused an insurance loss to the insured, aiming to recover the amount of the claim paid to the insured.
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