Commencement Of Coverage

Definition of "Commencement of coverage"

Date at which insurance protection begins.

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Deed Covenant

Any of a number of types of covenants agreeing to do or not to do something that is attached to the ...

Approval Conditional Premium Receipt

Insurance policy in force only after the insurance company approves the application. Today, most com ...

Universal Variable Life Insurance

Policy combining features Of UNIVERSAL LIFE INSURANCE and VARIABLE LIFE INSURANCE in that excess int ...

Offeree

in life insurance, receipt by a company of an insurance application accompanied by the first premiu ...

Guaranty Fund (insolvency Fund)

Aggregate sums, in certain states, to pay claims of insolvent insurance companies. These funds are m ...

Binding Arbitration

Term used in a real estate dispute in which an independent third party listens to the arguments of t ...

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