The co-insurance clause is an insurance company's safeguard to make sure the clients are properly insuring the assets to value.
The importance of insuring to value cannot be emphasized enough.
To safeguard the rating of the insured obligations and to protect the interests of insured bond investors, AFGI firms focus on insuring
securities with a low probability of default and, in the event of default, low severity of loss.
The law seeks information, not monetary damages, although there's a growing movement among activists to ask insurers that may have profited from insuring
slaves to pay reparations.
or reinsuring a hull or liability policy that names as an additional insured an entity on the Specially Designated Nationals list, such as a bank in Iran or Libya that holds a mortgage or security interest in the covered asset, such as an aircraft, vessel or building;