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Property Bldg. Laws Safeguards General Liability Emp, Benefit Liab. Employer Liability Aircraft Products Liab. Sexual Harassment Dir. & Officers Liab. Professional Liability Elect. Data Proc. Cov. Kidnap or Ransom
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[F004]
A provision found in group life and industrial insurance policies that allows the insurer to pay benefits to persons or parties other than the insured or a beneficiary, under certain specified conditions. This clause was designed to assist in benefit payments when there is lack of clarity as to the actual beneficiary, and thus to prevent potential litigation against the insurer.
Copyright: The Rough Notes Company, Inc., 1998, All Rights Reserved. 3040100