GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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18:00 Oct 6, 2021 |
Swedish to English translations [PRO] Law/Patents - Insurance | |||||||
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| Selected response from: Adrian MM. Austria | ||||||
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Summary of answers provided | ||||
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3 +1 | recovered > reinstated or restituted > property |
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recovered > reinstated or restituted > property Explanation: Komma till rätta: turn up; be found, Prisma. One context: if the insurance company pays out on a claim, and the property is recovered or money repaid, then the ins. co. will be 'subrogated' and entitled to the value of the excess. A reinstated insurance policy means one restarted post-loss. BTW, restitute vs. make restitution can be used as a verb. Example sentence(s):
Reference: http://www.proinova.se/files/Formogenhetsbrottsforsakring_PS... Reference: http://www.policybazaar.com/corporate-insurance/articles/how... |
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