liability insurance

(A)The term “liability insurance” means insurance for legal liabilities incurred by the insured resulting from— (i)loss of or damage to property of others; (ii)ensuing loss of income or extra expense incurred because of loss of or damage to property of others; (iii)bodily injury (including) to persons other than the insured or its employees; or (iv)loss resulting from debt or default of another.

Source

6 USC § 444(4)(A)


Scoping language

For purposes of this part
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