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Popular Real Estate Glossary Terms
Liability coverage mandated by the employee retirement income security act OF 1974 (erisa) under which employers are required to purchase insurance to cover their contingent liability for ...
Latin phrase meaning "to stand by the decisions." This legal doctrine under common law requires courts to rely on precedents, or previous decisions, when deciding disputes unless there is a ...
Same as term Basic Limit of Liability: required minimum amounts of coverage that an insurance company will underwrite. For example, for auto liability coverage the minimum that many ...
Section of an insurance company that evaluates claims for their subsequent payment. ...
Behavior or character standing of an individual in a community. Some personal habits are considered in underwriting an insurance application. ...