Valued Policy is one which specifies the agreed value of the subject matter insured.
Bonus amount has been included in all with-profit policies of the
valued Policy holders.
On Monday, government spokesman Nicos Christodoulides tried to reduce the issue to a disagreement on ethics and civic duty which Georghadji needs to set right, while Finance Minister Harris Georgiades came out in her defence as a
valued policy partner.
Holderby is a founding leader of the Massachusetts Association of Community Health Workers, nurturing the organization from "its extremely humble beginnings to its current state as a well-recognized and
valued policy advocate for improving the health of Massachusetts communities," Hirsch wrote.
The Landrys sued, claiming that a 108-year-old state statute--the
valued policy law (VPL)--requires insurers to pay the face value of a homeowners' insurance policy when an insured home is completely destroyed.
Another particularly important state statute, in the context of hurricane losses, is the Louisiana
Valued Policy Law.
In "Florida's '
Valued Policy Law': Clarifying Some Recent Misconceptions" (Dec.
In a blow to Florida's property insurers, that court, interpreting that state's long-standing "
valued policy law," allowed the insured to recover policy limits trader wind coverage, even though the insured received a substantial payment for flood damage under the National Flood Insurance Program (BestWire, June 2, 2005).
4th DCA 2004 the bill provides legislative intent that the
valued policy law is not intended to create new or additional coverage, or to require an insurer to pay for a loss caused by a peril other than the covered peril.