Phrase in a marine Insurance Policy which signifies the Insurer’s agreement that the insured has sole right to payment in case of loss, in effect, conceding that the insured has the only insurable interest.
The Rantings of the barely human.
Phrase in a marine Insurance Policy which signifies the Insurer’s agreement that the insured has sole right to payment in case of loss, in effect, conceding that the insured has the only insurable interest.