A pre-trial method of evidence gathering wherein one party submits questions to the other party.
Tag: RAW
Interruption Hazard
The various features, whether inherent or extraneous, that contribute to the possibility of interference with the trading of a business in the period after damage has been caused by an insured peril.
Interruption Insurance
The insurance of loss consequential on the interruption of business by an unforeseen event such as a fire or a breakdown of machinery.
Interruption reports
Reports on the potential for interruption of a business as a result of fire, breakdown or any other peril covered or to be covered; the business interruption equivalent of a fire survey. The report covers: (a) the effect of ‘damage’; (b) how long it will take to recover from the interruption; (c) how the insured might be assisted to keep the business going during the period of interruption. The report assists in fixing the rate and assessment of the estimated maximum loss (EML) and risk improvement. The report should take account of external dependencies.
Interstate Carrier
A transportation company which does business across state lines.
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A company that provides transportation in multiple states and across state lines.
Interstate Commerce Commission endorsement
Issued to trucks that travel from state to state. It guarantees payment of transit losses. Truckers must repay the company for losses not actually covered by the policy.
Interstate commerce commission endorsement (Property Insurance)
An endorsement that guarantees losses to cargo will be insured, regardless of whether the hazard causing them is covered by the policy. This endorsement is mandatory for all policies written for interstate motor carriers who are hired to haul cargo. Losses paid out under this policy caused by a hazard not listed in the policy must be repaid by the carrier.
Intervening cause
An event that prevents a loss being attributable to another event by breaking the chain of causation. Compare proximate cause.
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A possible defense against negligence. Negligence may be avoided or reduced if it can be shown that an intervening cause broke the uninterrupted chain of events required to establish a proximate cause.
Intervening cause (Legal Terminology)
Used as a defense against charges of negligence. An intervening cause interrupts the chain of events that must be established to have a proximate cause.
Intervening cause (novus actus interveniens)
New cause that intervenes into a sequence of events that is not the reasonable, natural or probable consequence of the preceding cause. It breaks the chain of causation. Even if the chain started with an insured peril there will be no liability for losses occurring after the occurrence of the intervening cause which changes the outcome and destroys the cause and effect relationship between the insured peril and the loss. See PROXIMATE CAUSE.