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 ?
Russia and England between them can pay an indemnity which will make Germany rich beyond the dreams of avarice.
Helena; making us a handsome present of the island by way of indemnity! We are such a restless, unhappy lot, that I doubt whether it would not prove a good thing for us too.
Just as I was opening the outer door, I remembered the twenty francs which I had not restored; I paused: impossible to carry them away with me; difficult to force them back on their original owner; I had now seen her in her own humble abode, witnessed the dignity of her poverty, the pride of order, the fastidious care of conservatism, obvious in the arrangement and economy of her little home; I was sure she would not suffer herself to be excused paying her debts; I was certain the favour of indemnity would be accepted from no hand, perhaps least of all from mine: yet these four five-franc pieces were a burden to my self-respect, and I must get rid of them.
When a man has done a wrong like that, he ought to pay the indemnity. Isn't it his place rather than ours to look after the girl?--who, to tell you the truth, seems to me rather questionable; there are plenty of better men in Alencon than that cynic du Bousquier.
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.
Before ACA major medical coverage rules started to take effect, many consumers who were unable or unwilling to pay for major medical coverage, or unable to qualify to buy major medical coverage, used indemnity insurance as an alternative to major medical coverage
Global Banking News-April 13, 2016--Hamilton Underwriting names head of professional indemnity
are more likely to be involved in a claim than those trained in the U.S., however the average paid indemnity for foreign-trained nurses is almost half of that paid for those trained domestically.
According to the report, nurses trained outside of the United States are more likely to be involved in a claim than those trained in the U.S., however, the average paid indemnity for foreign-trained nurses is almost half of that paid for those trained domestically.
[USPRwire, Fri Aug 28 2015] * The report provides market analysis, information and insights into the UK professional indemnity business
And, while this remains critical, it's also important to bring attention to the costs associated with managing indemnity payments.
In deciding whether to pursue and how to defend litigation, in-house counsel should determine whether insurance coverage exists, provides a duty to defend and/or indemnify, and whether other indemnity rights exist.