Political Risk Insurance: Unfair Calling Of Demand Bonds
Definition of "Political risk insurance: unfair calling of demand bonds"
Insurance coverage that protects the exporter (even though the exporter may be in total compliance with the terms and conditions of the contract) in the event a foreign government calls the demand bonds. For example, after the Shah of Iran was overthrown, the new government called in the demand bonds posted by United States exporters and contractors to show its animosity toward the United States.
Popular Insurance Terms
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Specific powers that a prospective insured believes the insurance company has granted to its agent. For example, if the insurance company has furnished the agent a rate book, application ...
Type of guaranteed investments contract in which the interest credited is adjusted on a periodic basis to reflect the investment earnings of the underlying assets of the contract. ...
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