MLchartDataset catalogue

As their interests may appear (ATIMA)

Term · Insurance and risk management · MLC-T-INS-000448

A policy provision, often abbreviated as ATIMA, that extends coverage to multiple parties who have a financial stake in the insured property. This clause allows the insurer to pay claims to the named insured and other specified parties according to their respective financial interests at the time of the loss. It is frequently used in property insurance for mortgaged properties, where both the homeowner and the mortgage lender are covered under the same policy.

Table 1. Record
IdentifierMLC-T-INS-000448
FieldInsurance and risk management
AbbreviationATIMA
Record as JSON 
{
  "id": "MLC-T-INS-000448",
  "term": "As their interests may appear (ATIMA)",
  "field": "Insurance and risk management",
  "definition": "A policy provision, often abbreviated as ATIMA, that extends coverage to multiple parties who have a financial stake in the insured property. This clause allows the insurer to pay claims to the named insured and other specified parties according to their respective financial interests at the time of the loss. It is frequently used in property insurance for mortgaged properties, where both the homeowner and the mortgage lender are covered under the same policy.",
  "abbreviation": "ATIMA",
  "url": "https://mlchart.com/terminology/insurance/as-their-interests-may-appear-atima/"
}

Record 195 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.