Institute Clauses


Institute Clauses
Institute Clauses ˈInstitute ˌClauses noun [plural]
INSURANCE standard conditions, approved by the Institute of Underwriters, that are used in marine and air cargo insurance contracts

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Institute Clauses UK US noun [plural] INSURANCE
standards for insurance for transporting goods by sea and air, created by the Institute of Underwriters: »

The Institute Clauses have provided for many years that the insured value is to be taken as the repaired value.


Financial and business terms. 2012.

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