What does Nonoperating Working Interest mean? Read on to discover the definition & meaning of the term Nonoperating Working Interest - to help you better understand the language used in insurance policies.
Nonoperating Working Interest
One that owns an interest in a gas or oil well or other mineral extraction enterprise but that does not participate in or have any responsibility for actual operation of the well or mine. An owner with a nonoperating working interest is usually made an insured under the insurance coverages written on the operation.
We hope the you have a better understanding of the meaning of Nonoperating Working Interest.