| Aviation Insurance Pools |
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| Insurance pools have developed in response to the magnitude of potential losses from an occurrence involving aviation. Aviation insurance generally covers risks arising from the operation of aircraft and ground facilities for aircraft. A single occurrence involving aircraft or an airport could result in catastrophic exposure that would exceed the capacity of a single insurer and its reinsurers. More... |
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| Payees of Claims |
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| When a claim is submitted to an insurer under an insurance policy and the insurer determines that it will make payment for the loss incurred, the insurer must then make payment to the proper party. To determine the proper payee of insurance proceeds, an insurer must focus on the rights under the policy rather than the rights of the parties to the insured property. For example, the fact that a party owns the insured property does not mean that he is entitled to the proceeds when a loss occurs. In general, any party with a recognized interest in the proceeds may be entitled to payment. If a party entitled to payment is not paid, the insurer may be subject to multiple liability for the same loss. More... |
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| Discrimination |
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| Prohibited discrimination More... |
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| Aviation Hull Insurance |
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| Aviation hull insurance is a form of property insurance in which the property is an aircraft. Loss of value and loss of use of aircraft specified in the policy normally is covered. Aviation hull insurance may be the subject of a separate policy or it may be included within a policy that also provides the aircraft owner with coverage for liability to third parties arising from an accident involving the aircraft. More... |
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| Rebating |
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| What is rebating? More... |
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