Definition of "Funding cover"

Roy Minieri real estate agent
Roy Minieri, Real Estate Agent Coldwell Banker Residential Brokerage - East Brunswick Office

Refers to the insured or reinsured paying premiums into an account at a commercial bank that will be used to pay for future or past losses. Portions of the premiums not required to pay for these losses are refunded to the policyowner or ceding company.

 

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