| 单词 | knock for knock |
| 释义 | > as lemmasknock for knock 4. knock for knock: applied to an agreement between insurers that each will pay his own policy-holders without regard to the question of liability. ΘΚΠ society > trade and finance > financial dealings > insurance > [adjective] > insurance policy types tontine1790 whole-life1832 term1834 floating1839 all risks1885 third party1901 non-profit1905 knock for knock1906 stamped1913 warehouse to warehouse1922 without-profit(s)1924 with-profit(s)1924 loaded1928 unit-linked1966 no-fault1967 new-for-old1984 critical illness1986 1906 Daily Chron. 26 July 6/6 Mr. Fairbank said that the ‘knock for knock’ agreement had never paid with the horse vehicles. 1927 B. C. Hoskins Insurance Lexicon 127 Knock for knock agreement.—An arrangement made between Companies..for dealing automatically with collisions between vehicles owned by their respective insureds; each Company undertakes to pay for the damage to its own insured's vehicle irrespective of the question of liability as between the parties in collision. 1958 Manch. Guardian 11 June 9/6 The knock-for-knock agreement is an arrangement whereby when two insured vehicles have been in collision each insurance company pays for the damage to the car it has insured,..without regard to the degree of blame, if any, of the driver. 1972 Mod. Law Rev. 35 i. 18 Some types of cases which are handled by small claims courts in other jurisdictions are dealt with in England in ways which obviate the necessity for a claim. Perhaps the most significant example is knock-for-knock agreements among motor-vehicle insurers. < as lemmas |
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