loan receipt

08:53 Apr 18, 2018
English to Flemish translations [PRO]
Law/Patents - Law: Contract(s) / Agreement to provide insurance and indemnification
English term or phrase: loan receipt
To the extent of the risks and liabilities assumed by Service Provider under this Agreement, all insurance policies of Service Provider in any way providing coverage relating to the provision of the Services by Service Provider pursuant to this Agreement, will contain provisions that the insurance companies will have no right of recovery or subrogation, whether by **loan receipt**, equitable assignment, express or implied or otherwise, against Your Company.

Document signed by the Assured where he acknowledges receipt of money advanced by the insurance company as an interest-free loan (instead of payment of a loss) repayable to the insurance company only if the loss is recovered from a third party and then only to the extent of the recovery.

Iemand een idee hoe dit in het Nederlands heet?
Bij voorbaat dank!
Lotte Nouwkens
Local time: 07:27


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