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It is only possible to take out life insurance on someone else if: There is some relationship between you, such as a business partner, spouse or parent. The person being insured consents to a life ...
Stranger-originated life insurance ("STOLI") generally means any act, practice, or arrangement, at or prior to policy issuance, to initiate or facilitate the issuance of a life insurance policy for the intended benefit of a person who, at the time of policy origination, does not have an insurable interest in the life of the insured under the laws of the applicable state. [1]
An additional driver on your auto insurance policy is someone who frequently borrows your car but doesn't live with you — like an adult child who uses your car while on an extended visit to your ...
Financial Protection: In the unfortunate event of an accident while someone else is driving your car with your permission, permissive use can be a lifesaver. Your insurance may cover property ...
Slight deprivation, like briefly placing a hand on someone else's car, is not actionable. The other property torts extant in the common law provinces are: Conversion (law) – An intentional tort to personal property where the defendant's willful interference with the chattel deprives plaintiff of the possession of the same.
A life settlement or viatical settlement (from Latin viaticum, something received before death) [1] is the sale of an existing life insurance policy (typically of seniors) for more than its cash surrender value, but less than its net death benefit, [2] to a third party investor. [3]
If you borrow someone else’s car for an extended period, you may need to be listed as a driver on the owner’s auto policy. ... to take out a personal auto policy on a corporate vehicle that ...
It's what most people expect — if someone causes harm, they or their insurer pay for it." ... you cause results in $30,000 in damages to somebody else's car, you could be on the hook for the ...
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