Declarations Section
In property and casualty insurance, contract section containing such information as name, description, and location of insured property; name and address of the insured; period a policy is in force; premiums payable; and amount of coverage.
Popular Insurance Terms
Same as term: Free Examination "free Look" Period: right, in most states, of an insured to have 10 days in which to examine an insurance policy, and if not satisfied, to return it to the ...
Measure of the sensitivity of the insurance company's liability to changing policy surrender distributions. ...
Maximum amount of insurance coverage that an underwriter will write on a particular class of property or risk exposure. ...
1961 federal legislation that allows the U.S. Export-Import Bank to set up insurance protection for U.S. exporters against credit risk and political risk in order to help make U.S. exports ...
Section providing protection under three coverages: Coverage E (Personal Liability} coverage in the event a suit is brought against the insured because of bodily injury and/or property ...
Specified amount received by an insured at the end of an endowment period (usually the face amount of the endowment policy), or by the owner of an ordinary life policy (usually the ...
Group appointed by President Nixon in 1971 to study workers compensation laws under the authorization of the occupational safety and health act (OSHA). It issued sweeping recommendations to ...
In property and casualty insurance, contract section containing such information as name, description, and location of insured property; name and address of the insured; period a policy is ...
Property insurance coverage for only one of the parties having an insurable interest in that property. ...
Have a question or comment?
We're here to help.