An industrial life policy clause that legally enables the insurer to pay the sum due under the policy to the spouse of the insured or another relative by blood or marriage. It is also known as the Da Costa clause.
Insurance Encyclopedia
Blood Stock Insurance
Policies relate to horses used for racing and breeding purposes and provide cover in respect of loss of animals by death due to accident, illness or disease whilst within the specified geographical area (including transit therein).
Blood, urea, nitrogen (BUN)
Measure of the amount of urea in the blood, which is the major breakdown product of protein metabolism and is removed by the kidneys. It is determined by a blood test. During kidney failure, urea accumulates in proportion to the degree of kidney failure and to the amount of protein breakdown. Symptoms of uremia correspond roughly to the amount of urea in the blood.
Blowout and Cratering
These are industry terms having to do with accidents that can arise from drilling operations. Generally, they are either excluded under the Liability Policy or can be added by endorsement for an additional premium depending upon the judgment of the underwriter.
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Is the uncontrolled eruption of oil, gas, water, or drilling fluid from a well that is being drilled. Cratering is when a well that has already been drilled caves in. Blowouts take place when the pressure of the oil or gas in the reservoir is higher than was anticipated. The result is often a fire fueled by the oil or gas. Cratering often results in the drilling rig falling into the well. Blowout and cratering is excluded in the Commercial General LiabilityA blowoutpolicy but may be added as an endorsement. Operators Extra Expense coverage (also known as Control of Well insurance) may also be purchased. (See Operators Extra Expense).