follow-form indemnification

Czech translation: odškodnění dle souvisejících pojistných smluv

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:follow-form indemnification
Czech translation:odškodnění dle souvisejících pojistných smluv
Entered by: jankaisler

08:24 Dec 8, 2010
English to Czech translations [PRO]
Bus/Financial - Insurance
English term or phrase: follow-form indemnification
5. FOLLOW FORM INDEMNIFICATION

The indemnification provided by this Policy with respect to the limits of liability available under Group Liability Policies, in accordance with Insuring Agreement 3 (a), is extended to apply to any coverage provided by any such policy, which is not already included within
this Policy.
Veronika Repikova
Czech Republic
Local time: 12:06
odškodnění podle jiných/souvisejících pojistných smluv
Explanation:
odškodnění podle jiných/souvisejících pojistných smluv/pojistek

"Indemnity policies cover an insured for liability incurred as a result of an “occurrence.” These polices are typically excess, umbrella or reinsurance policies meant to cover losses after the limits of primary insurance policies are exhausted but do not require the insurer to pay the fees and costs of litigation. A different analysis now applies however to indemnity policies that also contain a “follow-form” provision (i.e. that incorporate by reference the terms of a primary policy)."

Selected response from:

jankaisler
Local time: 12:06
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
3odškodnění podle jiných/souvisejících pojistných smluv
jankaisler


  

Answers


54 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
odškodnění podle jiných/souvisejících pojistných smluv


Explanation:
odškodnění podle jiných/souvisejících pojistných smluv/pojistek

"Indemnity policies cover an insured for liability incurred as a result of an “occurrence.” These polices are typically excess, umbrella or reinsurance policies meant to cover losses after the limits of primary insurance policies are exhausted but do not require the insurer to pay the fees and costs of litigation. A different analysis now applies however to indemnity policies that also contain a “follow-form” provision (i.e. that incorporate by reference the terms of a primary policy)."




    Reference: http://www.michaelbest.com/pubs/pubDetailMB.aspx?xpST=PubDet...
jankaisler
Local time: 12:06
Works in field
Native speaker of: Czech
PRO pts in category: 74
Notes to answerer
Asker: Díky, to zní dobře.

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