A fine line differentiates between act or omission of a torfeasor which could be covered by Professional Indemnify Policy and act or omission that could be covered by Public Liability Policy. For example, if a pedestrian falls due to a broken pavement – is the Municipality where the pavement is situated covered by its PI […]
THIRD PARTY LIABILITY / PROFESSIONAL INDEMNITY – WHICH POLICY SHOULD APPLY? Read More »
Chapter One: Provisions for All Classes of Insurance Article One: Insurance Contract 1. An insurance contract is a contract between an Insurer and an Insured which obligates the Insurer, in consideration of insurance premium, to pay insurance benefits to the beneficiary upon the occurrence of the event Insured against. What is an Insurance contract?
Insurance Contract Law – 1981 Read More »
Chapter Four: Control of Insurance Business Article One: Limitations on Conduct of Business 35. The Minister of Finance may, with the approval of the Finance Committee of the Knesset, enact by regulations, for all Insurers or particular categories of Insurers, provisions as to a minimum issued and paid-up share capital and a minimum
Chapter Four: Control of Insurance Business Read More »
