This is specificaly not allowed and can be met with fines and loss of both Licences.
% loss = amount of loss / cost x 100
The cost of overhead minus the selling price is loss.
non financial loss, e.g. loss in the form of pain and suffering or mental duress
600 to 570 is a 5% loss.
payee's
Loss payee is a party to whom an insurance loss payment or insurance sattlement may be directly paid.
The loss payee is the person or entity who will be on the claims settlement check.
The loss payee clause is part of the contract that states that of payment is made under the policy in relation to the insured risk, payment will be made to a third party. The payment will not go to the insured beneficiary of the policy.
No.
A loss payee clause is a statement. This is added onto your auto finance loan to cover interests with the bank.
To my knowledge there are no loss payees on general liability policies as there is no property coverage on general liability. Loss payee is a term on a property policy used to indiciate that the loss payee listed would get paid in the event there was a property claim. Most frequently a mortgagee or lender asks to be loss payee. General liability policies have additional insured endorsements to extend coverage to third parties who you may be working with.
A loss payee has to be added to an insurance policy when one uses collateral, such as a house or car. The payee is required to provide collateral and agree to carry insurance on the secured property.
A Loss payee on a Professional liability Malpractice Insurance Policy would be the injured party claiming loss or damages as a result of the actions or in-actions of the Named Insured Professional
The loss payee is any entity that has financial interest in the vehicle (usually a financial institution) that notifies the insurance company and the policy holder of that interest in writing. Any entity can be a loss payee, including your father, if he can show financial interest. The loss payee is usually the finance company that holds title to your vehicle. In the event of significant damage to the vehicle the loss payee needs to sign off on the check from the insurance company for the damage. This usually happens after the damage has been repaired. In the event of a total loss the loss payee will be sent a check for the amount of the loan and anything left over will you to the insured. Hopefully you won't owe more than the car is worth in the event of a total loss.
what the cap nuggs
Type your answer here... The motgage clause protects the mortgage holder even if insured breaches a condition of the policy e.g. insured not covered due to vacancy clause - mortgage holder will still be able to claim - by comparison, a loss payee would be out of luck - the only requirement on the insurer would be to include the loss payee on cheuqes resulting from the loss.