English to Romanian translations [PRO]
Bus/Financial - Insurance / Reinsurance contract | | English term or phrase: Write Back Endorsement | War risks subject to the rates issued by the Instutute of London Underwriters, but only in conjuction and in maximum the same proportion with the Ordinary Cargo risks and limited to the amount of the latter, and subject to the current War and Strike, War and Civil Commotion Clauses and to the Terrorism Exclusion Clause (including *Write Back Endorsement*) issued by the IUA.
thank you |
| ayastKudoZ activityQuestions: 74 (none open) ( 4 closed without grading) Answers: 232
Romania
| | Local time: 01:18
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| | Romanian translation:clauza aditionala cu privire la reducerile de valoare a despagubirilor in conditii de razboi | Explanation:
sau terorism
When used in the context of insurance law, an endorsement is a written amendment as to the coverage of an existing property or liability insurance policy. An amendment or modification of a life or health insurance policy is referred to as a rider.
http://www.duhaime.org/LegalDictionary/E/Endorsement.aspx
http://www.findaircraft.com/services/insurance/warrisk.html
You have heard it said that our lives changed forever on September 11, 2001. Well, I don't know if they changed permanently but the attack on the United States did cause us to reevaluate many things. The underwriting community became very paranoid about the safety of U.S.-based aviation risks and their vulnerability to terrorist attacks. The government, the airlines and their insurance underwriters began to assess their liability for the occurrences of September 11. The result was and is total confusion and panic. The underwriters in their panic hit the only relief valve they had and exercised the seven-day cancellation provision that was contained in every aviation war risk "write back" endorsement throughout the domestic aviation insurance market. They did not know what to do, but plainly they perceived hazards had changed and it was evident that war coverage could no longer be extended at "give-away" rates. The early loss assessments indicated that, although financially sound now, the entire aviation insurance industry could be devastated by another tragedy of the magnitude of the September 11 attack, forcing some of the underwriters into bankruptcy.
You rarely appreciate that which costs you nothing. It has no value until it's taken away. Most aviation insurance buyers did not realize that oftentimes their agents were able to include the coverage in their policies at little or no additional premium. (Obviously this was not possible in every case because some underwriters did not offer the coverage.) When policyholders received the notifications of cancellation of war risk coverages from the insurance companies, agents' phones began to light up. For weeks, we were asked to explain the coverage. We were questioned about the underwriters' decision to cancel the war coverage and whether they could legally cancel a part of a policy mid-term. We were asked to give examples of how a war peril's loss could affect a general aviation operation. In short, the entire industry was awakened to a group of insurance coverages that were virtually unknown prior to September 11.
endorsement = aici clauza aditionala
http://www.proz.com/kudoz/french_to_english/insurance/102217...
Domaine(s) : - comptabilité
comptabilité générale
anglais
français
reversal of a writedown
reprise d'une réduction de valeur
Sous-entrée(s) :
synonyme(s)
recovery
reversal of an impairment loss
write-back
Domaine(s) : - comptabilité
comptabilité générale
English
valuation allowance
Équivalent(s) français provision pour moins-value
Sous-entrée(s) :
synonyme(s)
allowance for impairment
provision for impairment
Note(s) :
See also: allowance 2, allowance for doubtful accounts, allowance for inventory losses, allowance for loan impairment, allowance method, loss in value, reversal of a writedown, writedown 1.
stiu ca nu va place acest dicitonar dar sinonimele in engleza sunt utile:):)
write-back
• n. Finance the process of restoring to profit a provision for bad or doubtful debts previously made against profits and no longer required.
http://www.encyclopedia.com/doc/1O999-writeback.html
http://www.docstoc.com/docs/1121182/512-termeni-din-domeniul...
Reduceri de valoare = Valuation allowances
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| Selected response from:
Anca Nitu
Local time: 18:18
| Grading comment thanks a million
4 KudoZ points were awarded for this answer |
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| Discussion entries: 0 |
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Automatic update in 00:
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7 mins confidence:   peer agreement (net): +2 | write back endorsement aviz de extindere
Explanation:
Write-back clauses - clauze de extindere cf documentelor europene:
Grupul pentru clauzele asigurărilor de aviaţie (AICG) a revizuit clauza de excludere în cazul actelor de război, de deturnare şi al altor pericole, precum şi clauzele de extindere aferente.
http://eur-lex.europa.eu/Notice.do?mode=dbl&lng1=ro,en&lang=...
Cred ca poti folosi aviz de extindere.
|  Annamaria Amik
Local time: 01:18
Works in field
Native speaker of:  Hungarian, Romanian
PRO pts in category: 8
|
| | Notes to answerer
|
4 hrs confidence: peer agreement (net): +1 | write back endorsement clauza aditionala cu privire la reducerile de valoare a despagubirilor in conditii de razboi
Explanation:
sau terorism
When used in the context of insurance law, an endorsement is a written amendment as to the coverage of an existing property or liability insurance policy. An amendment or modification of a life or health insurance policy is referred to as a rider.
http://www.duhaime.org/LegalDictionary/E/Endorsement.aspx
http://www.findaircraft.com/services/insurance/warrisk.html
You have heard it said that our lives changed forever on September 11, 2001. Well, I don't know if they changed permanently but the attack on the United States did cause us to reevaluate many things. The underwriting community became very paranoid about the safety of U.S.-based aviation risks and their vulnerability to terrorist attacks. The government, the airlines and their insurance underwriters began to assess their liability for the occurrences of September 11. The result was and is total confusion and panic. The underwriters in their panic hit the only relief valve they had and exercised the seven-day cancellation provision that was contained in every aviation war risk "write back" endorsement throughout the domestic aviation insurance market. They did not know what to do, but plainly they perceived hazards had changed and it was evident that war coverage could no longer be extended at "give-away" rates. The early loss assessments indicated that, although financially sound now, the entire aviation insurance industry could be devastated by another tragedy of the magnitude of the September 11 attack, forcing some of the underwriters into bankruptcy.
You rarely appreciate that which costs you nothing. It has no value until it's taken away. Most aviation insurance buyers did not realize that oftentimes their agents were able to include the coverage in their policies at little or no additional premium. (Obviously this was not possible in every case because some underwriters did not offer the coverage.) When policyholders received the notifications of cancellation of war risk coverages from the insurance companies, agents' phones began to light up. For weeks, we were asked to explain the coverage. We were questioned about the underwriters' decision to cancel the war coverage and whether they could legally cancel a part of a policy mid-term. We were asked to give examples of how a war peril's loss could affect a general aviation operation. In short, the entire industry was awakened to a group of insurance coverages that were virtually unknown prior to September 11.
endorsement = aici clauza aditionala
http://www.proz.com/kudoz/french_to_english/insurance/102217...
Domaine(s) : - comptabilité
comptabilité générale
anglais
français
reversal of a writedown
reprise d'une réduction de valeur
Sous-entrée(s) :
synonyme(s)
recovery
reversal of an impairment loss
write-back
Domaine(s) : - comptabilité
comptabilité générale
English
valuation allowance
Équivalent(s) français provision pour moins-value
Sous-entrée(s) :
synonyme(s)
allowance for impairment
provision for impairment
Note(s) :
See also: allowance 2, allowance for doubtful accounts, allowance for inventory losses, allowance for loan impairment, allowance method, loss in value, reversal of a writedown, writedown 1.
stiu ca nu va place acest dicitonar dar sinonimele in engleza sunt utile:):)
write-back
• n. Finance the process of restoring to profit a provision for bad or doubtful debts previously made against profits and no longer required.
http://www.encyclopedia.com/doc/1O999-writeback.html
http://www.docstoc.com/docs/1121182/512-termeni-din-domeniul...
Reduceri de valoare = Valuation allowances
| Anca Nitu
Local time: 18:18
Native speaker of: Romanian
PRO pts in category: 36
|
| | | Notes to answerer
Asker: imi plac toate dictionarele :), am inceput sa folosesc GDT ocazional
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