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The policy term is the period that an insurance policy provides coverage. Many policies have a one-year term (365 days) but other terms both longer and shorter are used. Policy terms can be for any length of time and can be for a short period when the period of risk is also short or can be for multi-year periods.
Regulation establishing common rules on compensation and assistance to passengers in the event of denied boarding and of cancellation or long delay of flights: Made by: European Parliament and Council of the European Union: Made under: Art. 79(2) TEC: Journal reference: L46, pp. 1–8: History; Date made: 11 February 2004: Entry into force: 17 ...
There is no set policy stating at what point schools close, and most states explicitly state that schools do not close simply due to hot weather. Schools may however modify their operations to ensure student and teacher welfare, for example by cancelling sport activities or relocating to a part of the school with access to air conditioning.
As part of its policy, passengers can cancel up to 30 days before sailing and receive cancellation fees as a cruise credit on voyages departing through April 30 and bookings made through Feb. 28.
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Subject to the "fortuity principle", the event must be uncertain. The uncertainty can be either as to when the event will happen (e.g. in a life insurance policy, the time of the insured's death is uncertain) or as to if it will happen at all (e.g. in a fire insurance policy, whether or not a fire will occur at all). [4]
Knowing how to cancel an insurance policy is important for several reasons. You may, for example, need to change to a new insurer if you move to a new state. Or perhaps you are taking an extended ...
Parametric insurance (also called index-based insurance) is a non-traditional insurance product that offers pre-specified payouts based upon a trigger event. [1] Trigger events depend on the nature of the parametric policy and can include environmental triggers such as wind speed and rainfall measurements, business-related triggers such as foot traffic, [2] and more.