Known Loss Rule

Known Loss Rule,

Known Loss Rule Definition:

  1. Known Loss Rule means: Principle of Insurance Practice, which states that no insurance coverage can be obtained for the losses incurred and to the knowledge of the applicant.

Literal Meanings of Known Loss Rule

Known:

Meanings of Known:
  1. Former sword participant

  2. Recognized, trusted or in the field of knowledge.

Sentences of Known
  1. Known world

Synonyms of Known

familiar, well known, known about

Loss:

Meanings of Loss:
  1. The fact or action of losing someone else.

Sentences of Loss
  1. Don't waste your time

Synonyms of Loss

forgetting, dropping, misplacement, overlooking, mislaying

Rule:

Meanings of Rule:
  1. Any clear or understandable principle or principle that governs the conduct of a particular company or territory.

  2. Control or govern an area or city.

  3. Normal or normal conditions.

  4. A piece of wood or other hard material used to measure the length of a ruler or to mark straight lines.

  5. Judges or court decisions refer only to certain cases.

  6. Use maximum power or authority over (an area and its people).

  7. Talk to the authorities and the law to get things done.

  8. Drawing parallel lines (paper)

Sentences of Rule
  1. The rules of the game are understood

  2. The revolution ended British rule

  3. The accident was a rule of thumb

  4. The plastic mold includes a ruler, measurement and drilling instructions.

  5. The area is now ruled by elected politicians

  6. Place the page horizontally and print the information correctly.

Synonyms of Rule

statute, direct, jurisdiction, mandate, power, ascendancy, be in control of, edict, norm, ruling, authority, dominate, wont, manage, direction, control, units, convention, administer, order, govern, injunction, dictate, form, lay down, custom, dominion