The right of a mortgagor, on paying off his debt, to recover the mortgaged property notwithstanding any agreement to the contrary.
Insurance Encyclopedia
Equity pension
Retirement fund that provides benefits that vary depending on the investments in the portfolio. It is meant to provide retirees with benefits that increase as inflation rises.
Equity-based insurance
Life insurance in which the cash value and benefit level change according to how the investments in the portfolio perform. Equity investments (corporate stock) are those in which investors gain part ownership in a corporation.
Equity-linked life policies
Life insurance policies combining life insurance with investment in equities, i.e. ordinary shares. Life insurance is linked to equity investment either through an established unit trust or unitised fund administered by the life office itself. Usually a large part of the premium is invested in the unit trust or equity portfolio, the balance provides life cover, usually term insurance.
Equivalency review
Process that Centers for Medicare and Medicaid Services (CMS) employs to compare an accreditation organization’s standards, processes, and enforcement activities to the comparable CMS requirements, processes, and enforcement activities.
Equivalent single payment
One payment that stands for several payments because it is equal to the value of the other payments.
Equivocal suicide
Type of suicide in which there is doubt as to whether it was intentional or not.
ER
Abbreviation for emergency room. See emergency department (ED) .
Erection All Risks – EAR (Storage cum Erection – SCE) for Engineering Insurance
Erection All Risks provides virtually a comprehensive cover for the entire project of installation/erection of machinery and equipment where the cost of civil works does not exceed 5% of the project cost., from the time of arrival of the first lot of materials at site and terminates on completion of erection/testing/commissioning or the plant is taken over, whichever shall occur earlier and during the maintenance period thereafter. One month testing is inbuilt under the policy. The cover is an “All Risks” basis i.e., every hazard is covered which is not specifically excluded. Any sudden and unforeseen loss or damage occurring during the period of insurance to the property insured on the site of erection will be indemnified. Usually similar to Contractor’s All Risks Cover. Also, See Also: Engineering Insurance: Contractors’ All Risks.
Erection all risks insurance
A satellite market insurance covering the assembly and testing of launchers, satellites and their component parts. The testing comprises functional tests or simulated launchings, i.e. static firing of engines. The manufacturer may also be able to insure the loss of the incentive payment normally payable as a reward for the satisfactory operation of the satellite.