Submergence (i.e. to sink under the surface of liquid). The rising of a body of water and its overflowing onto normally dry land.
Tag: RAW
Inure to the benefit of
Means taking effect for the benefit of a particular party. Reinsurance contracts may provide that other reinsurances, applied first to the loss, are to ‘inure to the benefit of the reinsurer. If the other insurances are to be disregarded they ‘inure to the benefit’ of the reinsured.