Insuring Agreement, Property And Casualty Policy
Definition of "Insuring agreement, property and casualty policy"
Section of a policy specifying: parties to the contract (the insurance company and the person or business to be insured); terms of the policy when it goes into force, and when it ends; premiums and their due date; limits of insurance; types and location of property to be insured; consideration; perils (what the policy protects against); and assignment (and under what conditions the policy can be assigned).
Popular Insurance Terms
To which the original investment sums build at a stipulated interest rate. ...
Compilation that reports the number of new incorporated and nonincorporated businesses started during a single week. ...
Earned premium minus incurred losses plus loss adjustment expense plus other incurred underwriting expenses plus policy owner dividends. This income is generated from the insurance business ...
Written form which has precisely the same terms as the other property insurance policies covering a particular property. ...
Life insurance policy provision under which the policyholder may apply the accumulated cash value, in the form of a single premium payment, to pay up the policy or to mature the policy as ...
Possibility of loss associated with water transportation, including hull damage or destruction, cargo damage or destruction, liability to others for bodily injury, and property damage or ...
Annual meetings of insurance practitioners and academicians from throughout the world interested in exchanging ideas concerning the theory and applications of insurance. The meeting is held ...
Business liability for bodily injury or property damage resulting from operations of the business. Business firms can buy insurance for this risk with a variety of liability policies, ...
In automobile insurance, coverage providing protection in the event of physical damage to the insured's own automobile (other than that covered under comprehensive insurance) resulting from ...
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