Thursday, November 5, 2009

Life Insurance Glossary - J

Jettison
Act of throwing overboard part of a vessel's cargo or hull in hopes of saving a ship from sinking.

Jewelers Block Insurance
An all risk insurance contract that provides jewelers with coverage to losses, which they would be exposed.

Joint-and-Several Liability
A legal principle that permits the injured party in a tort action to recover the entire amount of compensation due for injuries from any tort feasor who is able to pay, regardless of the degree of that party's negligence.


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Life Insurance Glossary - J

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