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LSDefine

Simple English definitions for legal terms

block policy

Read a random definition: Banking Act of 1933

A quick definition of block policy:

A block policy is a type of insurance policy that covers groups of property against most risks. It is like a big umbrella that protects many things at once. For example, it can cover all the merchandise in a business or property held in bailment. It is different from other policies that only cover specific types of loss, like fire or theft. A block policy is an all-risk policy, which means it covers most perils.

A more thorough explanation:

A block policy is a type of insurance policy that covers groups of property against most perils. It is an all-risk policy that can cover property held in bailment or a business's merchandise.

For example, a company that stores goods for multiple clients may purchase a block policy to cover all the goods against damage or loss. This policy would provide coverage for most risks, such as fire, theft, or vandalism.

Other types of insurance policies include:

  • Accident policy: insures against loss resulting directly from accidental bodily injuries sustained during the policy term.
  • Homeowner's policy: provides coverage for a variety of risks, including loss by fire, water, burglary, and the homeowner's negligent conduct.
  • Commercial general-liability policy: covers most commercial risks, liabilities, and causes of loss, including situations in which a business is liable to a third party for personal injury or property damage.

Each policy has specific terms and conditions that determine the coverage provided and the premiums charged. Insurance companies use a process called insurance rating to arrive at a policy premium for a particular risk.

block interest | Blonder–Tongue doctrine

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22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
Dkk
9:16
@renard99: Poetic and nice.
9:42
My name is renard99 and I just sent @babycat feet pics
glovediedthisishismom
9:42
nobody is at the office today they should let little glovey go home and watch harry potter
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