Comprehensive Glass Insurance

Insurance that grew out of the urban demonstrations and riots of the 1960s. Because of the deteriorated social and economic circumstances in these areas, it became impossible for many ...

Part of a marine cargo policy that exempts the policyholder from vouching for the seaworthiness of the vessel. For example, while a purchaser of hull marine insurance warrants that a ship ...

State law that stipulates that goodwill as an admitted asset cannot be greater than 10% of adjusted surplus. ...

Modification in premiums, reserves, and other values to reflect actual loss experience and expenses and expected benefits to be paid. ...

unlawful application of force to another's person; physical striking of another without permission. ...

Model state law of the NAIC that stipulates that the contract owner must receive annual reports concerning the annuity unit values, the manner in which the variable benefits are calculated, ...

Insurance company's growth rate of adjusted surplus divided by its adjusted liabilities. The greater this ratio, the more financially sound the insurance company, as the surplus would be ...

Same as term Concurrency: in which at least two insurance policies provide identical coverage for the same risk. ...

Hazard covered under catastrophe reinsurance. This form of excess of loss reinsurance protects the ceding company for loss above the retention limit caused by multiple catastrophic events. ...