Money given to the insured to keep a part of the vehicle that is barely damaged.
Insurance Encyclopedia
Appellant
Individual who appeals a claim decision.
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The person making an appeal to the higher court.
Appellate
Refers to courts which hear appeals for review of decisions rendered by a lower court.
Appellee
Also called the respondent. The person to whom the appellant is making his appeal.
Apple Plantation Insurance
Indemnifies the insured the plantation input cost for total loss of apple plant and/or damage to fruit, when loss occurs due to fire and allied perils. The indemnity is the amount arrived at after applying percentage of loss to sum insured, franchise, excess etc. Policy also covers loss of inputs cost incurred by way of damage to fruit which is assessed by applying percentage of loss to sum insured. Coverage is available for only trees between age of 1 to 30 years to regularly bearing orchards only. Intercropping involving rice, wheat, maize and potato not allowed. In the event adverse climate prevails at the time of blossoming the insured shall resort to hand pollination or any other suitable technique.
Appleton rule
A rule requiring every insurer in New York to comply with the New York Insurance Code. If the insurer does business in any other state, he or she must still comply with this code.
Applicant
1. Person applying for insurance coverage. 2. Practitioner, provider, or supplier that is applying for a Medicare national provider number.
Applicant’s form
The form used in fidelity guarantee insurance by the person, e.g. the employee, against whose dishonesty insurance is sought by the insured employer. The form elicits details of name, address, age, salary, present post within the firm and financial status of the employee. Details are also elicited about previous employment history and any previous guarantees.
Application
A signed statement by a prospective insured person which becomes part of an insurance contract.
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Questionnaire providing information to be used in determining the coverage an Insurer will provide as well as the acceptability of the applicant for the amount of Insurance and the premium to be charged.
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US: A signed statement of facts made by a person applying for insurance and then used by the insurance company to decide whether or not to issue a policy. The application becomes part of the insurance contract when the policy is issued.
Application for benefits
See: application form.