meaning of anti-indemnity statute

anti-indemnity statute meaning in Insurance Dictionary

a legislation that describes the scope of legal liability that certain celebration may move to some other in an agreement. Anti-indemnity statutes may prohibit the transfer of any obligation due to the transferor's neglect; or, as an alternative, they may prohibit just the transfer of obligation due to the transferor's single negligence. In some states, anti-indemnity statutes also reduce capability of 1 getting party to need extra insured standing under the various other celebration's insurance coverages. Anti-indemnity statutes tend to be most commonly regularly manage the chance transfer conditions of building agreements.