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Simple English definitions for legal terms

policy proof of interest

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A quick definition of policy proof of interest:

Policy Proof of Interest: When someone makes a claim on their insurance policy, they need to show that they have a reason to be insured. This is called having an "insurable interest" in the loss. The policy itself is proof that they have this interest. This is abbreviated as PPI.

A more thorough explanation:

Definition: Policy proof of interest is evidence that a person making an insurance claim has an insurable interest in the loss. This evidence is shown by possession of a policy. It is abbreviated as PPI.

Example: Let's say John buys a life insurance policy and names his wife, Jane, as the beneficiary. If John were to pass away, Jane would be able to make a claim on the policy. However, if Jane did not have an insurable interest in John's life (e.g. they were divorced), she would not be able to make a claim. Possession of the policy serves as evidence that Jane has an insurable interest in John's life.

Explanation: The example illustrates how possession of a policy serves as evidence of an insurable interest. In this case, the life insurance policy serves as proof that Jane has an insurable interest in John's life. Without possession of the policy, Jane would not be able to make a claim on the policy.

policyowner | policy reserve

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18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
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