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CLEAR

The Finpage Glossary

Assistance Provider

the assistance company with whom the Company contracts, as an independent contractor, to provide travel-related emergency assistance services.

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At-Fault

In an event like an accident, a person is referred to as ‘at-fault’ when he/she is liable for the damages. In other words, we can say that a person who has caused the accident or is legally responsible for it is said to be ‘at-fault’.

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Authorised Employee

It means an Employee of the Insured who is specifically entrusted with Money in
Transit.

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Authority

Authority means the Insurance Regulatory and Development Authority of India established under the provisions of Section 3 of the Insurance Regulatory and Development Authority Act, 1999

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Average Clause

A clause in an insurance policy that distributes the insurance among several items, usually in proportion to their value

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