Developments in Personal Property Finance: GAP Waivers -- Is a Trend Toward Clarity Beginning?
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| Authors: | Edelman, Mark S.1,2, Aitken, Robert A.3,4, Bootee, Thomas J.5,6, Barringer, Jeffrey P.7 |
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| Source: | Business Lawyer. Feb2009, Vol. 64 Issue 2, p487-498. 10p. |
| Subject Terms: | *Automobile insurance, *Insurance premiums, *Insurance, *Debtor & creditor, *Contracts |
| Company/Entity: | Gap Inc. 048626915 GAP |
| Abstract: | The article presents information on insurance products from GAP Inc. for automobile users. GAP Waiver Insurance is a three-party agreement between a buyer, creditor, and insurer. Under the agreement, the premium is paid to the insurer and the buyer is directly insured under a GAP Waiver Insurance policy. Another GAP product is GAP Waiver, which is a two-party arrangement between the buyer and the creditor. GAP Waiver Insurance is subject to state regulation and licensing requirements. |
| Database: | Entrepreneurial Studies Source |
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| Abstract: | The article presents information on insurance products from GAP Inc. for automobile users. GAP Waiver Insurance is a three-party agreement between a buyer, creditor, and insurer. Under the agreement, the premium is paid to the insurer and the buyer is directly insured under a GAP Waiver Insurance policy. Another GAP product is GAP Waiver, which is a two-party arrangement between the buyer and the creditor. GAP Waiver Insurance is subject to state regulation and licensing requirements. |
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| ISSN: | 00076899 |
