indemnitor
indemnitor (in-dem-n[schwa]-t[schwa]r or -tor). One who indemnifies another. — Also termed indemnifier. [Cases: Indemnity 31(3), 33, 63.]
indemnitor (in-dem-n[schwa]-t[schwa]r or -tor). One who indemnifies another. — Also termed indemnifier. [Cases: Indemnity 31(3), 33, 63.]
follow-the-settlements doctrine. Insurance. The principle that an indemnitor must accede to the actions of the indemnitee in adjusting and settling claims; esp., the principle that a reinsurer must follow the actions of the reinsured. [Cases: Insurance 3615.]
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A right to indemnity that arises on the indemnitor’s default, regardless of whether the indemnitee has suffered a loss. [Cases: Indemnity 31(4), 42.]
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indemnity (in-dem-n[schwa]-tee), n. 1. A duty to make good any loss, damage, or liability incurred by another. [Cases: Indemnity 20, 25, 50–61.] 2. The right of an injured party to claim reimbursement for its loss, damage, or liability from a person who has such a duty. 3. Reimbursement or compensation for loss, damage, or liability