Definition of "Furrier"
Coverage for furs owned by a furrier, or a customer's furs in the care, custody, and control of the furrier. Coverage is on an all risks basis except those specifically excluded: wear and tear; war; delay; loss of market; flood; earthquake; loss or damage while furs are being worn by the insured or his or her representatives; loss resulting from infidelity of any person under the care, custody, and control of the insured; damage or destruction of the furs after they leave the care, custody, and control of the insured that has been sold under an installment contract; and mysterious disappearance.
Popular Insurance Terms
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Inverse of the actuarial present value of a life annuity, taking the employee's life expectancy into account, to commence income payments at the normal retirement age of the employee. It is ...
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