National Board Of Fire Underwriters
Now-defunct bureau founded by fire insurance underwriters in 1866 to work for fire prevention and loss control. The board helped standardize the fire insurance policy. In the mid-1960s, the National Board of Fire Underwriters merged into the American Insurance Association. In 1971, 30 national and regional rating bureaus merged to form the insurance services office (ISO)
Popular Insurance Terms
Refusal by an insurance company to underwrite a risk. ...
Coverage for business risks including goods in transit, fire, burglary, and theft. A common example is the COMMERCIAL PACKAGE POLICY (CPP). ...
Method of operation. ...
Policy under which the insurer will pay the actual cash value of the property at the time the property was damaged or destroyed provided the loss falls within the limitations of the policy. ...
Decrease in value of property as the result of technological advancement and/or changing social mores. This factor is used to measure the amount of depreciation in determining the actual ...
Wrongful inaction; failure to act; inactivity. ...
Investments made in a variety of securities issued by government agencies. ...
Time period in health insurance that must elapse between a previous illness and a current one, if the current one is to be considered a separate illness eligible for a new set of benefits. ...
Inability of the insured to perform any and all important daily duties of that insured's occupation. ...
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