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That said, group life insurance often has lower coverage limits than private plans. This is where voluntary (or supplemental) life insurance steps in. It bridges the gap, offering higher limits at ...
An automatic renewal clause is used in the insurance and healthcare industries . An automatic renewal clause (also referred to as an evergreen clause), is activated towards the end of the contractual period whereby it automatically renews the terms of an agreement except when the contract is terminated (through mutual agreement or contract breach), or one of the contracting parties has sent a ...
A termination for convenience clause, or "T for C" clause, [1] enables a party to a contract to bring the contract to an end without the need to establish that the other party is in default, for example because the client party's needs have changed, or in order to arrange for another party to complete the contract.
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Group life insurance is often free due to your employer paying the premiums, but it’s important to note that only the first $50,000 of group coverage is excluded from your taxable income.
The main owner of the bank is the ONEXIM group, which owns 83.02% in its authorized capital. [12] Another 6.5% is owned by Evgeny Yurchenko. [13]At the beginning of 2012, the ONEXIM Group acquired a 32.25% stake in the bank from Renaissance Group, [14] and in November 2012 it bought out the remaining stake in Renaissance Group, increasing its stake to 89.52%. [15]
Negotiorum gestio ([nəˌgō.shē-ˈȯr-əm-ˈgestēˌō], Latin for "management of business") is a form of spontaneous voluntary agency in which an intervenor or intermeddler, the gestor, acts on behalf and for the benefit of a principal (dominus negotii), but without the latter's prior consent.
A self-enforcing agreement is an agreement that is enforced only by the parties to it; no external party can enforce or interfere with the agreement. (In this respect it differs from an enforceable contract.) The agreement will stand so long as the parties believe it is mutually beneficial and it is not breached by any party. [1]