| abbr., bus.styl. |
its successors and/or assigns as their interests may appear (
The term "as their interests may appear" (ATIMA) is a standard line in a business insurance policy that extends the coverage to some other parties doing business with the insured. The parties or their covered property may not be specifically named in the policy.
The term encompasses damages to the property of subcontractors, vendors, or rental equipment operators working with or for the insured company but is limited to assets in use by the insured company.
ISAOA ATIMA means its successors and/or assigns as their interests may appear. This term is commonly used on the mortgagee clause by loan originators (lenders) who may choose to sell the loan to another entity or assign servicing rights to a 3rd party servicer.
Nectarine) |
