What is the rider clause?
Asked by: Prof. Abraham Lindgren II | Last update: August 7, 2025Score: 4.9/5 (6 votes)
What is an example of a rider amendment?
A Good Example of a Policy Rider: The Hyde Amendment
Hyde prohibits the use of federal funding for elective abortions in programs like Medicaid. There is no law on the books that has codified the Hyde Amendment, which is why this rider is attached to each Labor-HHS bill.
What does a rider mean in legal terms?
Rider is a legal term referring to the additions made to an existing contract. It is tacked on to, or “rides,” the original agreement — that's how it got its name.
What is the rider clause in shipping?
Ridder clauses are additional clauses that have been specifically agreed upon by the shipowner and the charterer. If there is any conflict with the printed words in the main terms, the rider clauses will always prevail. Often rider clauses are defined by specific charterers, like Exxon, Shell, ThyssenKrupp, Tata etc.
What is the rider additional clause?
A set of additional clauses which substitute or supplement the clauses in the original standard C/P form. If a rider clause contradicts a printed clause the rider clause prevails.
What is a Rider in Life Insurance ? Purpose ? Examples ?
What is a rider clause?
A rider is a document that addresses additional details, conditions, or terms of a contract. For example, in real estate, an attorney may draft a contract rider to supplement a standard purchase and sale agreement. In this case, the rider may outline details such as: Where and how a down payment is held.
What does rider insurance cover?
Insurance riders typically cover, at an additional cost, an item that might not be already covered on your policy or is inadequately covered. This could include such items as an engagement ring, bicycle, or expensive piece of artwork.
What is the demurrage clause?
In this context, demurrage refers to the penalty paid by a charter company for failing to load or unload a vessel within the timeframe set out in its contract.
What is the purpose of a rider to a bill?
In the legislative context, the U.S. Senate glossary describes rider as an “[i]nformal term for a nongermane amendment to a bill or an amendment to an appropriation bill that changes the permanent law governing a program funded by the bill.” That is, a rider is an amendment to a law or new law that is attached onto a ...
What is the meaning of add a rider?
Put simply, riders are add-ons or additional benefits that you purchase along with the life insurance policy. They go into effect along with your basic policy cover, providing you with better coverage and financial protection.
What is a rider in simple terms?
A rider is someone who rides a horse, a bicycle, or a motorcycle as a hobby or job. You can also refer to someone who is riding a horse, a bicycle, or a motorcycle as a rider.
What is a rider charge?
Riders are optional and generally are paid for by an automatic shifting of funds from principal into the rider account every year. The charge is typically about 1% annually. Some fixed index annuities have zero annual fees for the rider. Some variable annuities have income rider fees as high as 1.5%.
What is an example of a rider?
For example, a rider to stop net neutrality was attached to a bill relating to military and veteran construction projects. Another rider has been the Hyde Amendment which since 1976 has been attached to Appropriation Bills to prevent Medicaid paying for most abortions.
What is a rider in legal terms?
rider n. 1 : an addition to a document (as an insurance policy) often attached on a separate piece of paper. 2 : a clause or provision appended to a legislative bill to obtain a usually distinct object.
What is an example of a free rider situation?
A person decides to build a lighthouse to help guide ships into a safe harbor. The lighthouse provides a service that is both non-rivalrous and non-excludable. As a result, it is difficult to charge those who use the lighthouse, and many people may choose to "free ride" on the service without paying.
Is a rider the same as an amendment?
In the world of Congress, a rider isn't a person who takes a train or bicycle. It's actually a term for a type of amendment to legislation.
Can a bill become a law without the President's signature?
The Constitution thus gives the President the primary options of approving a bill by signing it, or d returning it to Congress with his objections. In the latter case it becomes law only if approved by two- thirds of both Houses of Congress.
Who pays for rider?
- 1 – Festival/Promoter Pays for the Rider. If you're playing at a festival with sponsors or anywhere that the contract states a Flat Deal (when there are no overages based on ticket sales), then it's usually up to the promoter to provide hospitality at their cost. ...
- 2 – Artist Pays for the Rider.
Why is a rider used?
Many contracts are straightforward agreements that outline the basic terms, obligations, and expectations between parties without additional riders. A rider is an optional tool, used primarily for adding complexity or specificity that the main contract doesn't cover.
Who is legally responsible for demurrage charges?
Pursuant to this paragraph, the shipper (or consignee) shall be liable to the Class I carrier for demurrage but shall not be prohibited from seeking payment from the third-party intermediary for demurrage charges for which the third-party intermediary is responsible pursuant to an agreement between the shipper (or ...
Who bears demurrage charges?
Typically, if the cargo is not collected or delivered within the agreed time frame (i.e. the grace period), the party that owns the cargo will have to pay the demurrage charges.
What is laycan shipping?
Laycan is a term used in the shipping industry. It stands for "Laydays Commence and Cancelling date". It refers to a specific period during which a vessel is allowed to arrive at the loading port for a particular charterparty.
What is the benefit of a rider?
A rider is an insurance policy provision that adds benefits to or amends the terms of a basic insurance policy to provide additional coverage. Riders tailor insurance coverage to meet the needs of the policyholder. Riders come at an extra cost—on top of the premiums an insured party pays.
What is a rider fee?
Rider Fee means the fee being assessed the contract owner for coverage under a Rider as defined in the "Benefit Summary Page" attached to and made a part of the Variable Annuity Contract.
Does rider have code coverage?
Testing and Coverage in Rider
One of the standout features of Rider is its inline code coverage. As mentioned above, I love fast feedback and getting code coverage directly next to the code I write as fast as possible. Tests can even be set to run continuously in the background.