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4-13-16 AGREEMENT TO PROVIDE INSURANCE

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The document is an agreement for providing accidental physical damage insurance for a vehicle, outlining the requirement for continuous coverage against fire, theft, and collision. It specifies that failure to maintain this insurance allows the lender, Peoples Credit, Inc., to demand immediate payment of the unpaid balance. The document includes sections for the insured's details, vehicle information, insurance agent and company information, and dealer confirmation.

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What is the purpose of the insurance clause?

The insurance clause helps backstop these financial risks by detailing, among other things, the various kinds of insurance a party (the insuring party) is required to obtain in connection with the agreement, which in turn gives the other party or parties (each a non-insuring party) comfort that their exposure to

What is the purpose of the other insurance clause?

Other insurance clauses are included in policies to avoid multiple insurers paying for the same loss by making one policy excess to another policy where they cover the same risk. The clauses apply only among insurers; they are not intended to apply to policyholders and thus should not disadvantage them.

What is s13 of the Insurance Contracts Act?

Section 13 requires both the insurer and the insured to act towards the other, in respect of any matter arising under or in relation to it, with the utmost good faith.

What is the law agreement to provide insurance?

An agreement to provide insurance is a contract between a lender and a grantor that requires the grantor to obtain insurance as a condition of receiving a loan. The contract entails what minimum coverages the insurance must provide as well as what will happen if insurance is not obtained.

What is the purpose of the agreement clause?

The purpose of the Agreement is to maintain a harmonious and mutually beneficial relationship between the Employer and employees and between the Union and the Employer, and to set forth certain terms and conditions of employment relating to remuneration, hours of work, benefits and general working conditions affecting

What is the purpose of the entire agreement clause?

Also known as whole agreement clause. A contractual provision which aims to prevent the party relying on it from being liable for any statements or representations (including pre-contractual representations) except as expressly set out in the agreement.

What is Section 16 Insurance Contracts Act?

(1) A contract of general insurance is not void by reason only that the insured did not have, at the time when the contract was entered into, an interest in the subject - matter of the contract.

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Get the up-to-date 4-13-16 AGREEMENT TO PROVIDE INSURANCE 2025 now

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What is the purpose of the insurance clause?

What is the purpose of the other insurance clause?

What is s13 of the Insurance Contracts Act?

What is the law agreement to provide insurance?

What is the purpose of the agreement clause?

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