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Common disaster clause

Provision in a life insurance policy that states that the primary beneficiary must survive the insured by a specific period such as 60 or 90 days to be eligible to receive the policy proceeds. Otherwise, the proceeds will be paid as if the primary beneficiary had died before the insured.

Common inn

Defined in the Hotel Proprietors Act 1956. Essentially an establishment open to ‘all and sundry’, which does not pick and choose its guests. Special responsibilities attach to its proprietor including strict liability in respect of the property of guests who have booked sleeping accommodation. However, innkeepers who have displayed a statutory notice in pursuance of the Act benefit from limited liability.

Common Law

The law that has been founded upon immemorial usage, established custom and legal precedents as distinct from statute law. Broadening down from precedent to precedent has developed the common law.
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Common Law comprises the body of principles and rules of action, relating to the government and security of persons and property, which derive their authority solely from usage and customs of immemorial antiquity, or from the judgments and decrees of the courts. It is outside the laws created by enactment of Statutes.

Common ownership

Under the Health Insurance Portability and Accountability Act (HIPAA) Subpart E, this relationship exists if an entity or entities possess an ownership or equity interest of 5% or more in another entity.