Rules relating to a particular pension scheme. All members have the right to see the full scheme rules.

The period of employment with one or more connected employers. See CONTINUOUS SERVICE.

Individuals or independent institutions that are responsible for the management of a trust in accordance with the trust deed. Scheme trustees have the power to select any investment they wish in order to adhere to the trust deed. Their activities come under the jurisdiction of Opra who may remove or suspend a trustee.

Various investment, savings and insurance schemes to ensure that a parent will be able to meet educational costs when they arise. The range of policies that can be built into the parents’ plan include endowment, critical illness, income protection and special policies such as reimbursement of fees when illness prevents the child from attending school.

Damage to property caused by heat but unattended by ignition. Without ignition there is no fire damage within the meaning of the fire policy. Scorching consequent upon fire will be covered under the doctrine of proximate cause.

Clause automatically increasing sums insured on property during stated periods that reflect seasonal factors.

UK: A risk or an increase in risk that attaches during only a part of the year.
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A risk that is present only during certain parts of the year. For example seasonal dwellings such as cottages used for vacations.
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A risk that only exists during a particular time of the year.
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A risk which is present only during certain parts of the year. Examples might be manufacturing concerns such as canners who have operations only during the summer and seasonal dwellings such as cottages used for vacations.

The reasonable fitness of a vessel in all respects to encounter the ordinary perils of the contemplated voyage, properly crewed, provisioned and equipped. Seaworthiness is implied in voyage policies, but not in time policies. A shipowner’s right of claim under a time policy is prejudiced if he knowingly goes to sea in an unseaworthy condition. Cargo policies waive breach of the warranty except where the insured is privy to the unseaworthiness.

Cargo clause whereby the insurer admits that no claim will be repudiated on the grounds of unseaworthiness. The clause does not prevent the insurer from proceeding, in the name of the insured, against a carrier who is liable for the loss. The clause also ensures that the insured is not prejudiced by the carrier’s wrongful act.

A policy that contributes to a loss only when the loss exceeds the sum payable by a more specific insurance. See AVERAGE/TWO CONDITIONS OF AVERAGE.
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Insurance that covers only a loss in excess of that covered by a first loss insurance.