Interim Insuring Agreement

(c) the date on which insurance cover begins under another insurance contract (whether or not it is an intermediate insurance contract) between the insured and the insurer or other insurer, insurance cover intended to replace that provided for in the intermediate insurance contract; (8) In the event of disagreement on the nature and extent of the necessary repairs and replacement supplies, or on their suitability when carried out, or on the amount to be paid for loss or damage, these matters shall be determined by an assessment in accordance with the Insurance Act before recovery can take place under this contract, whether or not the right to recover the contract is contested; and regardless of all other matters. Notice is only available when a specific written request is made and until the date of proof of loss. The premiums calculated for this type of maturity coverage are generally based on the applicant`s current age at the time of application. The premium for the main life insurance policy, which will eventually be acquired, is based on the age of the applicant at the end of the transition period. These types of agreements often differ depending on the insurance company and the specific situation. Counsel for the first party argued that, although the cover note states that “the risk is covered by this provision within the meaning of the usual form of the THIRD PARTY ONLY COMPANY policy” that applies to it, this does not have the effect of including in the interim contract the terms of the applicant`s standard policy. He argued that those words were simply used “to define the extent of the risk covered”. (c) the insured person insures a fleet of vehicles in co-ownership with point 5.b) before the expiry of the insurance cover granted by the contract, the insured has submitted to the insurer a proposal for an insurance contract to replace the inter-contractual insurance contract; This case clarifies the legal situation with regard to the conditions set out in interim insurance contracts in Hong Kong. In particular, it confirms that where an intermediate insurance contract (i.e. a certificate of coverage) explicitly refers to the terms of the insurer`s standard policy, the insured is bound by those conditions and not by the conditions contained in the replacement insurance policy that has not yet entered into force. In this case, it was the explicit inclusion of conditions in a provisional insurance contract; the position on the implicit inclusion of conditions in provisional insurance contracts, as was the case in re Coleman`s custodians, was not mentioned. (d) the date on which the provisional insurance contract is terminated; 166 (1) Where a right is asserted under a contract other than a contract established by an automobile liability policy, the insurer shall, despite any agreement, adjust the amount of the damage with the insured mentioned in the contract and with any person having an interest mentioned in the contract. (b) restrict the rights conferred on the insured by other means by the contract by reference to an agreement, difference or dispute; `4-002 Type of intermediate insurance: Intermediate insurance, usually covered by a certificate of coverage, is a provisional insurance contract which is granted pending the acceptance of the insured`s proposal and the issue of a formal policy.

Its role is to provide immediate coverage until the proposal is accepted and replaced by the policy, or rejected after notice from the insured. A loss that occurs during the term of this interim protection is generally governed by the terms of the intermediary insurance and not by those of a policy that replaces it. . . .

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