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A person who occupies a position of special trust and confidence, e.g., in handling or supervising the affairs or funds of another.
A person who is entrusted to act on someone else's behalf.
Special property insurance that covers works of art.
Coverage you need to have if your business owns any works of art, like fine paintings, statues, or Oriental rugs. May not be included in the basic property policy.
Fire must be combustion sufficiently rapid to produce a spark, flame, or glow, but not an explosion, and it must be “hostile” as opposed to “friendly.” It must be accidental, and must also be the proximate cause of the damage.
Combustion that occurs where it’s not supposed to that accidentally causes damage.
Liability coverage for the insured tenant's legal liability in cases where the tenant causes fire damage to the rented property.
Protects you if you rent space and cause a fire that damages it.
An insurance contract covering a number of automobiles may be specifically designated, or provision may be made for automatic coverage on a reporting basis of all automobiles owned by the insured. To be eligible for such coverage all automobiles must be owned by a single insured.
Automobile insurance for a number of vehicles (five or more) for the same insured owner.
In general, any false writing with intent to defraud. It is defined by statute in the various states.
Falsely altering a document, such as a check or contract.
The definitions contained herein are for informational purposes only,are not intended to be all inclusive, and may not apply in all situations. You should not rely on these definitions for interpretation of policy coverages, terms and conditions.