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I- I. Ia Ib Ic Id If Ig Il Im In Ip Ir Is It

Inland Fish Insurance

This cover is applicable to fry, fingerling fish in ponds, lakes and other still, fresh water projects and not to brackish water and marine fisheries, period of Insurance is from the entire crop period 12 to 18 months. There is no fixed sum insured under the Policy value of fish every month or at any other stage till the catch period i to be certified by the Fisheries Extension Officer in case of Fish Farmers Development Agency (FFDA) or an officer of equal & higher rank in the Fisheries Department. This certified value table will be incorporated in the Policy and shall form the basis for claims settlement. This Insurance cover is for total loss only.

Inland marine coverage

Property insurance for property in transit over land, certain types of moveable property, instrumentalities of transportation (such as bridges, roads, and piers, instrumentalities of communication (such as television and radio towers), and legal liability exposures of bailees. Many inland marine coverage forms provide coverage without regard to the location of the covered property; these are sometimes called “floater” policies. As a group, inland marine coverage forms are generally broader than property coverage forms.
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Property insurance for property in transit over land, certain types of moveable property, instrumentalities of transportation (such as bridges, roads, and piers, instrumentalities of communication (such as television and radio towers), and legal liability exposures of bailees. Many inland marine coverage forms provide coverage without regard to the location of the covered property these are sometimes called &#8220floater&#8221 policies. As a group, inland marine coverage forms are generally broader than property coverage forms.

Inland Marine Insurance

US: A broad form of insurance, generally covering articles in transit as well as bridges, tunnels and other means of transportation and communication. Besides goods in transit (generally excepting trans-ocean), it includes numerous “floater” policies, such as those covering personal effects, personal property, jewelry, furs, fine arts, and other items.
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UK: A development from marine insurance covering inland transit exposures on road, rail or inland water. It includes goods in transit, carrier’s liability, property in the possession of bailees and movable equipment and property. In the US it may include fixed structures such as bridges and tunnels that are normally included in property insurance.
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Property insurance signaling broad coverage of properties exposed to the transportation peril and those subject to being used or kept at a location other than the insured’s customary premises. Eligible property is identified in the Nationwide Definition of Marine Insurance. Also refers to personal property of significant rarity or value that the owner may want separate coverage.

Inland Rail/Road/Air Transit clauses

Risk Coverage Clauses ‘C’ : Fire risks only i.e., Fire and lightning. Clauses ‘B’ – Basic cover Fire, lightning Breakage of bridges Collision with or by the carrying vehicle. Overturning of the carrying vehicle. Derailment or accidents of like nature to the carrying railway wagon/vehicle.Clauses ‘A’-All Risks : This insurance covers all risks of loss or damage to the subject matter insured except as provided for. Exclusion is expressly mentioned in the clauses itself or this can be put in by underwriters in the policy. Extensions, under Basic Cover : Rail/Road Clauses ‘B’ : Theft, pilferage non-delivery. Leakage Breakage Fresh water/Rain water damage Damage by hooks, oil, mud and other extraneous substances Malicious damage.Inland Transit, Exclusions : Clauses A, B & C : Willful misconduct of the assured. Ordinary leakage, loss in weight or volume, wear & tear Insufficient or unsuitable packing Delay-even though the delay be caused by a risk insured against Inherent vice or nature of insured goods. war and warlike risk Strike risks (including damage caused by terrorists).Exclusions are common between ITC-A, ITC-B and ITC-C except for the exclusion of malicious damage which does not form part of general exclusions list of ITC-A. In other words, malicious damage is an insured peril under ITC-A but it is exclusion under ITC-B and ITC-C. Additional cover : Clauses A, B & C : Inland Strikes, Riot and Civil Commotion risks may be covered on payment of additional premium. (Note: War risks on Road/Rail/Air transit is not granted) Duration Clause (Clause 5) : (a) Attachment : Insurance attaches the moment the cargo leaves the place of storage named in the policy as place of origin. This signifies that the carrying has moved from the place, otherwise any loss arising out of a stationery loaded vehicle at the point of origin is not covered. The coverage will continue throughout the ordinary course of transit. Ordinary course of transit means standard time period or route to be taken to move the cargo from one place to another. Include normal transshipments i.e., by road from origin point till railway sliding then rail movement to nearest railway station and thence road movement till the final point of delivery. (b) Termination : Terminations occurs either if (i) The cargo gets delivered to consignee at the final destination (ii) After the expiry of 7 days after the consignment reaches final destination town but before delivery to the consignee. It would be noted that first loading on to carrying conveyance at the place of origin is not covered whereas since the policy is covered till the cargo gets delivered to consignee, unloading risk is covered.

Inland Revenue Limits

The contribution and benefit limits that must not be exceeded under approved pension schemes, which receive valuable tax relief. Contributions, including AVCs, cannot exceed 15 per cent of annual earnings before deductions for tax and national insurance. For members joining after May 1989 the earnings themselves are subject to the earnings cap. The maximum pension benefit under approved occupational schemes, defined benefit or defined contribution, is the same, i.e. two-thirds of final remuneration.

Inland Transit not in Conjunction With Ocean Voyage

(Strikes, Riots and Commotions Clause) Risks covered are loss or damage to the subject matter insured caused by (i) strikers, locked out workmen or persons taking part in labour disturbances, riots or civil commotions; (ii) any act of terrorism being an act of any person acting on behalf of, or in connection with any organization which carries out nativities directed towards the overthrowing or influencing, by force or violence, of any Government whether or not legally constituted, caused by any person acting from a political ideological or religious motive. terrorist or any person acting from a political motive.

Inlier

Hospital inpatient whose length of stay or cost of treatment is like those of most other patients in the same diagnosis-related group (DRG).

Inn

Defined in the Hotel Proprietors Act 1956, s.1(3), as a hotel, i.e. ‘an establishment held out by the proprietor as offering food, drink and, if so required, sleeping accommodation, without special contract, to any traveller presenting himself who appears able and willing to pay a reasonable sum for the services provided… and who is in a fit state to be received’. The words ‘without special contract’ are important and mean that an ‘inn’ is any establishment ‘open to all and sundry’, i.e. it does not pick and choose its guests. The proprietor assumes special legal responsibilities (see INNKEEPER’S LIABILITY). For legal purposes hotels are either inns or private hotels.