An all risk policy covering listed jewellery. Usually each item is described and insured for a specific amount.
Insurance Encyclopedia
Jewelry floater
See: Floater.
Jewelry floater (Property Insurance)
A policy that covers specified jewelry against all risks. The amount each piece is insured for is usually specified in the policy.
Job description
Detailed explanation of the skills, duties, and physical and mental qualifications required for performing and carrying out tasks by an employee. This document is referred to in a disability case that will undergo rehabilitation and is used to evaluate work potential.
job order contracting (JOC)
See: indefinite delivery/indefinite quantity (ID/IQ) .
Job-lock
Situational phrase meaning a person’s inability to change his or her employment because it would result in losing vital health insurance benefits.
Joint Account Reinsurance
See: Common Account Reinsurance.
Joint and last survivorship annuity
See: joint and survivor annuity .
Joint and Several for Liability Legal
Liability under which each off several joint wrong-doers are responsible either on a combined, undivided basis, or on an individual basis, for the full amount of damages for which the several wrong doers are collectively responsible.
Joint and Several Liability
A judgment obtained against multiple tort feasors that may be enforced against the tort feasors collectively or individually; permits the injured party to recover the entire amount of compensation due for injuries from any tort feasor who is able to pay, regardless of the degree of that party’s negligence.
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A legal doctrine whereby a creditor or claimant may demand payment or sue one or more of the parties separately, or all of them together.
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MEDICAL,USA: Legality that holds a defendant responsible for the full award in a medical liability case if the other defendants are not able to pay their share apportioned by fault.
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UK,REFERENCE: See: joint tortfeasors.