Money And Securities Broad Form Policy
Definition of "Money and securities broad form policy"
Coverage providing protection for a business against loss from a hazard under the On-Premises Form, that provides all risk protection against the loss of money and securities; or the Off-Premises Form, all risk protection against loss of money and securities while they are in possession of a messenger. There is no coinsurance deductible requirement.
Popular Insurance Terms
Apparent agreement that is not a valid contract. ...
Commission paid to an agent as a percentage of the premiums he or she collects on debt insurance (home service insurance, industrial insurance). ...
Membership organization of property and liability insurance companies. The association promotes the economic, legislative, and public standing of its members through its attention to ...
Entitlement to pension benefits without a reduction, even though an employee is no longer in the service of an employer at retirement. For example, under the ten year vesting rule, an ...
Principle of surplus distribution as the result of excess funds above the amount required to establish legal reserves. These excess funds are generated from three sources: mortality ...
Insurance company that underwrites and sells more than one line of insurance. ...
number of people born as a percentage of the total population in any given period of time. ...
Circumstance in which an insurance company can issue life or health insurance to an applicant based on standards set by the company. ...
Coverage for loss in the net earnings of a business if a supplier business, subcontractor, key customer, or manufacturer doing business with the insured business cannot continue to operate ...
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