Oct 26, 2023 08:25
7 mos ago
35 viewers *
Spanish term
adquirida
Spanish to English
Bus/Financial
Insurance
Home insurance
"adquirida" in this context is ambiguous to me. What does it actually mean? Can anyone help, please?
Many thanks
Cláusula final
Con fecha de efecto 17/8/2023 a las 24:00, quedan en suspenso las garantías del seguro. Si dentro del año siguiente a dicho efecto no secontrata nuevo seguro, la póliza se considerará anulada, siendo adquirida por la Compañía la fracción de prima correspondiente al período no transcurrido del seguro en curso.
Many thanks
Cláusula final
Con fecha de efecto 17/8/2023 a las 24:00, quedan en suspenso las garantías del seguro. Si dentro del año siguiente a dicho efecto no secontrata nuevo seguro, la póliza se considerará anulada, siendo adquirida por la Compañía la fracción de prima correspondiente al período no transcurrido del seguro en curso.
Proposed translations
(English)
| 3 +1 | (wiil be) forfeit to |
AllegroTrans
|
| 4 +1 | covered |
neilmac
|
| 4 | earned by X ; X entitled to |
Adrian MM.
|
| 4 | acquired |
Iker Pellicer
|
Proposed translations
+1
4 hrs
AllegroTrans
United Kingdom
United Kingdom
Native in English
Specializes in field
United Kingdom
Sensible solutions
Native in: English (Variant: Wessexois) 
Works in: French to English, English, English to French
Related KudoZ points
:
101
Selected
(wiil be) forfeit to
I would rearrange the word order:
(1) ... and the Company will acquire the proportion of the premium corresponding to the unexpired period of the current insurance
(2)(rearranged) ... and the proportion of the premium corresponding to the unexpired period of the current insurance will/shall be forfeit to the Company
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Note added at 4 hrs (2023-10-26 12:58:57 GMT)
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Example sentences:
First Aid Hourly Premium
HR Insider
https://hrinsider.ca › dwqa-question › first-aid-hourly-...
This premium will be forfeit the moment certification expires. In the event that a first-aid attendant's certificate lapses, the position will be vacated ...
Marine Insurance: Law and Practice - Page 80 - Google Books result
google.co.uk
https://books.google.co.uk › books
Francis Rose · 2013 · Law
... premium will be forfeit, rather than recoverable by the assured.36 5.22 Since in practice the insurer's remedy of avoidance/rescission is sufficient for him ...
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Note added at 4 days (2023-10-30 17:15:42 GMT)
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To Asker: Yes, "retain" will also work
(1) ... and the Company will acquire the proportion of the premium corresponding to the unexpired period of the current insurance
(2)(rearranged) ... and the proportion of the premium corresponding to the unexpired period of the current insurance will/shall be forfeit to the Company
--------------------------------------------------
Note added at 4 hrs (2023-10-26 12:58:57 GMT)
--------------------------------------------------
Example sentences:
First Aid Hourly Premium
HR Insider
https://hrinsider.ca › dwqa-question › first-aid-hourly-...
This premium will be forfeit the moment certification expires. In the event that a first-aid attendant's certificate lapses, the position will be vacated ...
Marine Insurance: Law and Practice - Page 80 - Google Books result
google.co.uk
https://books.google.co.uk › books
Francis Rose · 2013 · Law
... premium will be forfeit, rather than recoverable by the assured.36 5.22 Since in practice the insurer's remedy of avoidance/rescission is sufficient for him ...
--------------------------------------------------
Note added at 4 days (2023-10-30 17:15:42 GMT)
--------------------------------------------------
To Asker: Yes, "retain" will also work
Note from asker:
| Thanks, and I'm thinking that "retain" would be simpler, wouldn't it - ie the Insurer will retain the proportion of the premium....? |
4 KudoZ points awarded for this answer.
Comment: "Thanks everyone!"
+1
29 mins
covered
If you really don't want to use "acquired", which to me would mean the abbreviated form of "acquired the responsibility for payment of…", i.e., the Company covers said payment/instalment.
So, we would end up with something like this:
,... the fraction of the premium for the unexpired period of the current insurance policy being covered by the company."
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Note added at 30 minutos (2023-10-26 08:56:16 GMT)
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Then again, maybe I've got the wrong end of the stick and I should have posted a lower confidence level...
So, we would end up with something like this:
,... the fraction of the premium for the unexpired period of the current insurance policy being covered by the company."
--------------------------------------------------
Note added at 30 minutos (2023-10-26 08:56:16 GMT)
--------------------------------------------------
Then again, maybe I've got the wrong end of the stick and I should have posted a lower confidence level...
Peer comment(s):
| agree |
Andrew Bramhall
: No, that's fine IMhO Neil;
33 mins
|
| agree |
Nelson Soares
4 hrs
|
| disagree |
AllegroTrans
: Have to disagree; the company doesn't cover anything here, they keep the proportion of premium already paid for the unexpired period, and cover terminates
4 hrs
|
3 hrs
Adrian MM.
Austria
Austria
Native in English
Specializes in field
Austria
Retd.T&I, Barrister & Austro-Advokat
Native in: English (Variants: British, Scottish) 
Works in: Spanish to English, English to Spanish, French to English, and 5 more.
Related KudoZ points
:
24
Spanish term (edited):
adquirida por X
earned by X ; X entitled to
It's not really ambiguous in the context.
Again, if the policy is cancelled, the ins.co. gets to keep the premium for the unexpired part of the current period: '...período no transcurrido del seguro en curso'..
Adquirir in this sense means literally 'acquired' in the sense of forfeited (hum, hum!), impounded, so accruing to or vested in, but feel fre to pick another answer!
Again, if the policy is cancelled, the ins.co. gets to keep the premium for the unexpired part of the current period: '...período no transcurrido del seguro en curso'..
Adquirir in this sense means literally 'acquired' in the sense of forfeited (hum, hum!), impounded, so accruing to or vested in, but feel fre to pick another answer!
Example sentence:
As the insurer earns the premium, the amount will be moved from the liability account to the revenue account. When is Unearned Premium Not Returned.
Peer comment(s):
| neutral |
AllegroTrans
: Surely "is forfeit to" or "accrues to" are vastly superior to "earned by" (you even used them in your explanation); or are you just idly playing around again?
1 day 3 hrs
|
4 days
Iker Pellicer
Spain
Spain
Native in Spanish
Works in field
Spain
Imagine. Translate.
Native in: Basque , Spanish
Works in: Spanish to Basque, Basque to Spanish, English to Basque, and 6 more.
acquired
The new company will obtain the remaining part of the premium factor of the remaining insurance.
Acquire is to buy or obtain (an asset or object).
.
Acquire is to buy or obtain (an asset or object).
.
Example sentence:
siendo adquirida por la Compañía la fracción de prima correspondiente al período no transcurrido del seguro en curso.
The premium fraction corresponding to the unexpired period of the insurance in force shall be acquired by the Company.
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