Franchise Insurance (wholesale Insurance)
Definition of "Franchise insurance (wholesale insurance)"
Coverage for small groups that cannot meet the underwriting standards of true group insurance. Even though the franchise insurance covers an entire group, individual policies are written on each insured person, each having the right to different coverage than other members. Usually sold to employer groups.
Popular Insurance Terms
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Number of bits a modem can receive or send per second. ...
Frequency of premium payment; for example annually, semiannually, quarterly, or monthly. ...
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Coverage on jewelry and precious stones on an all risks basis at any location subject to exclusions of wear and tear, war, and nuclear disaster. Each item must be specifically listed in the ...
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