Should be Vessel hereby come into collision with or receive salvage services from another vessel belonging wholly or in part the same Owners or under the same management, the Assured shall have the same rights under this insurance as they would have were the other vessel entirely the property of Owners not interested in the Vessel hereby insured; but in such cases the liability for the collision or the amount payable for the services rendered shall be referred to a sole arbitrator to be agreed upon between the Underwriters and the Assured.
Insurance Encyclopedia
Sistership clause
If two ships in the same ownership collide, the clause confers on the insured the same rights as if the two vessels were separately owned and separately insured. An appointed arbitrator apportions liability on that basis.
Sistership exclusion
An exclusion in products insurance that eliminates coverage for the withdrawal or recall of products.
Sistership exclusion (Liability Insurance)
An exclusion that prevents coverage of products withdrawn from the market.
Site
A particular platform or location for loading or unloading at a place.
Site visit
Evaluation of a place of business (e.g., under the Health Care Financing Administration’s Medicare contracting program, health maintenance organizations and competitive medical plans are reviewed and monitored to see if they are complying with federal requirements).
site-of-service (SOS) differential
Difference in the amount paid when the same medical service is provided in different medical practice settings (e.g., outpatient visit in a physician’s office or a hospital clinic).
Situation Index
An index kept by fire insurers of the location of risk insured.
situs
See: state of issue .
six and six exclusion
Provision in a credit disability policy for a preexisting condition that states an insured’s disability is not covered if he or she was treated for the condition within 6 months before the effective date of coverage and becomes disabled from that same condition within 6 months after the effective date of coverage.