Divisible Contract Clause
Definition of "Divisible contract clause"
In property insurance contracts, provision that states that the violation of one or more contract condition^) at a particular location that is insured will not void coverage at other insured locations.
Popular Insurance Terms
Insurance company's total premium income plus investment income. ...
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One of the major underwriting organizations for insurance company pools insuring commercial aircraft liability exposure. ...
Expenses and taxes incurred by the insurance company resulting from the normal business activities of the company before the due date of the annual statement. ...
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Projected percentage of the earned premiums that will be required by the insurance company to pay for the incurred losses plus the loss adjustment expense. ...
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