indemnity


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Related to indemnity: Indemnity clause, Indemnity insurance

in·dem·ni·ty

(in-dem'ni-tē)
The agreement between an insurance company or other financial entity to underwrite the expenses incurred by a policyholder for covered services.
References in classic literature ?
As we have seen, therefore, he permitted his former host to retire without attempting a recognition, but fully promising himself a rich indemnity for his present forbearance should chance afford him another opportunity.
An indemnity agreement is the foundation of contractual liability coverage and can potentially saddle an insured with tremendous additional exposure that was not contemplated at the time the policy was issued and premium dollars were accepted.
According to information in his plea agreement, Cohen acted as the president and chairman of the board of a Delaware corporation known as Indemnity Insurance Corporation RRG.
And, while this remains critical, it's also important to bring attention to the costs associated with managing indemnity payments.
Arizon and Semark offer guidance on the circumstances with which the common types of letters of indemnity can be legitimately used, the pitfalls and risks associated with their use, and the legal and insurance issues that arise.
In the offshore oil and gas industry, where costs can quickly accumulate and liabilities can be astronomical, indemnity agreements are an effective risk management tool for the skilled contractor.
Department of Health and Human Services (HHS) may let a major category of fixed indemnity insurance products live.
BANKING AND CREDIT NEWS-September 9, 2011--Laurier Indemnity wins AM Best's A/"a+" ratings(C)2011 M2 COMMUNICATIONS http://www.
M2 EQUITYBITES-September 9, 2011--Laurier Indemnity wins AM Best's A/"a+" ratings(C)2011 M2 COMMUNICATIONS http://www.
A EUROPEAN Court of Justice (ECJ) case involving Volvo looks likely to reduce the protection of sacked auto dealers recovering indemnity payments from their former auto maker suppliers.