Midi Tail
Definition of "Midi tail"
Automatically extended reporting period of five years, during which claims may be made after a claims made basis liability coverage policy has expired, provided these claims are the result of an event that took place within 60 days of the termination of the policy.
Popular Insurance Terms
Nominal interest rate minus the rate of inflation. ...
Exposure present only at certain times of the year. For example, resort property faces a business interruption risk only from damage that cannot be repaired in time for the resort season. ...
1970 federal law that requires shipowners to clean up or pay for the cleanup of waters polluted by discharges from their ships. Shipowners may be refused navigation privileges if they ...
Tax, under federal and state laws, on transfer of property made without payment or other value in exchange. ...
Retirement plan for an individual based on a single contract with a benefit based on current earnings, as if they will remain static until normal retirement age. As the earnings of the plan ...
Adjustment in property insurance to reflect increased construction costs. ...
Actual amount of total losses paid by an insurance company during a specified time interval. ...
Insurance company that employs or contracts with an insurance agent to represent it. ...
Same as term: statement of opinion : ...
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