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LSDefine

Simple English definitions for legal terms

assurer

Read a random definition: Warranty deed

A quick definition of assurer:

Assurer: A person or company that agrees to take on the risk of someone else's loss and compensate them for that loss. This is also known as an insurer or underwriter. For life insurance, they may be referred to as an assurer. A primary insurer is responsible for settling a claim up to the policy limit before any other insurer becomes liable, while an excess insurer is liable for settling any part of a claim not covered by the primary insurer. A quasi-insurer is a service provider, like an innkeeper or common carrier, who is held to strict liability in the provision of services.

A more thorough explanation:

Definition: An assurer is another term for an insurer. It refers to a person or company that agrees, through a contract, to take on the risk of another person's loss and compensate them for that loss. This term is commonly used in the context of life insurance.

Examples: If someone buys a life insurance policy, the assurer (or insurer) agrees to pay out a certain amount of money to the policyholder's beneficiaries upon their death. Another example would be a car insurance policy, where the assurer agrees to cover the cost of damages or injuries resulting from a car accident.

Explanation: The examples illustrate how an assurer (or insurer) takes on the risk of another person's loss. In both cases, the policyholder pays a premium to the assurer in exchange for the assurance that they will be compensated in the event of a loss. This allows the policyholder to have peace of mind and financial protection in case of an unexpected event.

assurance | as their interests may appear

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General

General chat about the legal profession.
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22:37
i used to get a slice from there or wings over at like 1am after my shift at the restaurant
Dkk
22:48
Ross Ulbricht free. God Bless Trump. Huge win.
JeremyFragrance
22:54
agreed
texaslawhopefully
22:55
This is an interesting read: https://thedispatch.com/article/birthright-citizenship-trump-implications/
Dkk
23:01
I mean, idk how it's possible to end birth right citizenship without amending the constitution because to me the 14th amendment is pretty clear about it.
ross ulbricht tried to hire a hitman to kill 5 people
i am not that sympathetic to him
Dkk
23:04
@KnowledgeableRitzyWasp: That might have been an FBI agent. It was most likely him and he was most likely doing it to retrieve stolen funds that corrupt FBI agents stole, but yeah moral gray area but me personally, cool with hitmen. It's not like it is uncommon to hire hitmen. I don't think the action itself is necessarily wrong but the intent behind it can be.
Dkk
23:05
Like, Boeing whistblowers being killed by hitmen = wrong but a guy hiring hitmen to retrieve stolen funds = good to me.
texaslawhopefully
23:05
@Dkk: Yeah, for sure. My guess is it'll go to SCOTUS and it'll be 8-1 or 7-2, saying that EO was unconstitutional.
Dkk
23:06
Indeed. I need a count for how many exectuive orders he has signed and how many already have pending lawsuits.
i've been away for a while what were the most recent waves? any this week?
lilypadfrog
8:12
hi shawties
lilypadfrog
8:16
who’s getting into a law school today raise your hand
jackfrost11770
8:28
I sure hope so at this point
lilypadfrog
8:28
woooo
lilypadfrog
8:28
jackfrost for law school
jackfrost11770
8:29
LILYPADFROG FOR LAW SCHOOL
jackfrost11770
8:29
I really just love how now there's an executive order that says I don't exist as a person
jackfrost11770
8:29
Do I not have to pay taxes now? Loans? What now
lilypadfrog
8:34
you should probably assume this means your law school will be free
GreyCeaselessMammoth
8:34
i love that there's an executive order that we're all female now
jackfrost11770
8:38
I think so yeah. I think I don't have to pay for anything anymore
Trismegistus
8:40
can someone release today my god
lilypadfrog
8:41
i’m boutta release
sounding like that one guy in here who kept saying he was cumming
Dkk
8:43
Was that me cus I just released.
lilypadfrog
8:44
Wahoowa
Dkk
8:45
AI Overview +1 "Wahoowa" is a cheer and greeting used by fans of the University of Virginia (UVA).
Dkk
8:45
Learned something new today. I can sleep knowing I learned something today.
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