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Under Davis–Stirling, a developer of a common interest development is able to create a homeowner association (HOA) to govern the development. As part of creating the HOA, the developer records a document known as the Declaration of Covenants, Conditions, and Restrictions against the units or parcels within the HOA with the county recorder.
Property and casualty guaranty funds step in to pay the covered claims (which would otherwise go partially or entirely unpaid) of policyholders of an insolvent insurer at levels determined by state law. This ensures policyholders and claimants at greatest risk are protected from the most severe consequences of an insurer's failure.
Major insolvencies have occurred at least 62 times since the conspicuous collapse of the Executive Life Insurance Company in 1991. [5]Annuity contracts are protected against insurance company insolvency up to a specific dollar limit, often $100,000, but as high as $500,000 in New York, [6] New Jersey, [7] and the state of Washington. [8]
By 1880 the corruption [4] inherent in determining these claims by politics rather than on a legal basis forced an end to this practice. [5] For ten years no claims could be proved as against the United States. In 1889, Mexican farmers organized as Las Gorras Blancas to resist land theft. They cut fences of squatters, burned barns, and ...
Oklahoma's squatter's rights, or adverse possession law, states a squatter can claim the property if they have resided on the property for at least 15 years and paid property taxes for five years.
The act provides immunity to the State of California and its related entities from being sued. The law immunizes public employees from liability for “instituting or prosecuting any judicial or administrative proceeding” within the scope of their employment, “even if” the employees act “maliciously and without probable cause.” (Cal. Gov. Code, § 821.6)
Property law is the area of law that governs the various forms of ownership in real property (land) and personal property. Property refers to legally protected claims to resources, such as land and personal property, including intellectual property . [ 1 ]
PCMS’ software, Atlas, was launched in 1999 and re-architected in 2020. Atlas is a cloud-based platform designed to handle all core processing needs for small to mid-size property & casualty insurance carriers from; underwriting, claims adjudication, billing & accounting, reporting, along with maintaining communication between key insurance stakeholders via a flexible portal. [5]
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