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In addition to meeting IRS Treasury Regs.Sec.53.4944-3(a), many states require the label "L3C" or "low-profit limited liability company" to appear in the name of the organization. Each state may have state-specific requirements that govern L3C formation. [citation needed]
The New Jersey Administrative Code (N.J.A.C.) is a compilation of all rules adopted by state agencies. [6] All state rulemaking notices are reviewed and processed by the Division of Administrative Rules within the New Jersey Office of Administrative Law for publication in the New Jersey Register, published twice a month. [7]
Directors and officers liability insurance (also written directors' and officers' liability insurance; [1] often called D&O) is liability insurance payable to the directors and officers of a company, or to the organization itself, as indemnification (reimbursement) for losses or advancement of defense costs in the event an insured suffers such a loss as a result of a legal action brought for ...
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The term "total loss" can refer to any of these risks, but commonly involves a loss of the hull or cargo. Total losses may be actual total loss or constructive. [11] If the policy is a "valued" policy (so that the ship or cargo has an "agreed value" rather than a "market value"), then, in the absence of fraud, the agreed value is conclusive ...
How to handle a total loss claim, even when it goes awry If your vehicle is stolen , you first need to call the police and file a stolen vehicle report. Only then can you file an insurance claim.