Insurance Law

A practice or arrangement by which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium



An unlooked for mishap or occurrence

Actual Total Loss

Property that is completely destroyed, or lost and irretrievable; a term of insurance and maritime law


The informed and objective inspection and estimation of a thing's worth


A written guarantee in regards to the fulfillment of a legal obligation


A detailed statement forming part of an insurance document


An accidental contact between two or more vehicles or ships which causes damage

Constructive Total Loss

Insured property that has been abandoned because its actual total loss appears to be unavoidable, or because it could not be preserved or repaired without an expenditure which would exceed its value


An accounting procedure in which the cost or other recorded value of a fixed asset less estimated residual value (if any) is distributed over its estimated useful life in a systematic and rational manner

Disability Insurance

An insurance contract in which the insurer agrees to pay money or to other benefits in the event that the person insured becomes disabled

Double Recovery

Double dipping; accessing funds or property through two different sources effectively or potentially doubling the entitlement


A place to live in e.g. House

Earth Movement

Phenomena related to forces operating within the earth itself, and not to the merely superficial effects of external forces, such as erosion by run-off rainwater


To give over the care of something to another

Fair Market Value

The hypothetical most probable price that could be obtained for a property by average, informed purchasers

Healing Period

A term of disability insurance which bridges, in time, the employee between the injury or sickness, and maximum medical improvement

Heart Attack Standard

A finding or allegation that conditions of employment are so unusual or extraordinary conditions as to have the potential to cause mental disorder or a heart attack

Inscrutable Fault

A judicial finding that a fault has occurred but the court is unable to locate the source, to pinpoint a tort feasor


Where a person agrees, for consideration, to pay a certain amount on the occurrence of a specified event

Key-Man Insurance

Life insurance to protect a business upon the death of a key individual

Known Loss Doctrine

A principle of insurance law which prevents an insured from coverage if the insured knew the loss was probable at the time of the insurance contract

Performance Bond

A contract wherein a third-party, in exchange for a fee, secures another's fulfillment of a contract or performance of a duty

Personal Living Expenses

Expenses reasonably necessary to maintain health and well-being, to enjoy life's activities, and the capacity to earn money


Planning decisions of a government agency; also, an insurance contract

Pre-existing Condition

A common exclusion of disability insurance contracts for exacerbation of medical conditions known to have existed within a specified time-frame


The person who has pledged him or herself to pay back money or perform a certain action if the principal to a contract fails, as collateral, and as part of the original contract

Surety Bond

A three party bond contract in which a third party (the "surety") backs up a principal by agreeing to honour the principal's obligation(s) towards the obligee of a bond in the event of the latter's default

Volenti Non Fit Injuria

To one who is willing, no harm is done


Intellectual Property

Intellectual Property

A notoriously complex area of the law,...

Read more


Kenetic Legale Open New Office in Kabul

Kenetic Legale Open New Office in Kabul

The new location of Kenetic Legale...

Read more