A clause used to establish the procedure of paying out on the policy, should the insured and his or her beneficiary die at the same time.
Related information about common disaster clause:
- What is common disaster clause? - BusinessDictionary.com
Definition of common disaster clause: Provision in most life insurance policies ( and some wills) under which the primary beneficiary of the policy (or will) must ...
- Common-Disaster Clause Law & Legal Definition
Common-disaster clause is a provision in a dispositive instrument, such as an insurance policy and in some wills. This clause seeks to cover the situation in ...
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Common Disaster Clause (Survivorship Clause) Wording in life insurance policies to determine the order of deaths when the insured and the beneficiary die.
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Definition of "Common Disaster Clause". A provision in a life insurance policy to determine the order of deaths when the insured and the beneficiary die in the ...
- What is common disaster clause? - InvestorWords.com
Definition of common disaster clause: A clause used to establish the procedure of paying out on the policy, should the insured and his or her beneficiary die at ...
- What is COMMON DISASTER CLAUSE? - The Law Dictionary
Definition of COMMON DISASTER CLAUSE: The rule in life insurance stating that the beneficiary must wait a period of time to get their inheritance. It is paid to ...
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Deciphering catastrophic insurance. (Legal). The Journal of Light Construction ... unforeseeable disasters such as floods...builders' risk policies in this ...
- Common disaster clause - Moneycontrol.com
What is Common disaster clause? A life insurance clause stating what happens to life insurance proceeds if named beneficiaries die i.