Mode Of Entry
- method of gaining illegal entry to perform a criminal act. If a policyholder makes a claim for loss of jewelry or rugs under a homeowners policy, or if a business owner makes a claim for damage caused by vandals, the insurer must establish how the vandal orburglar gained entry. The mode of entry is important both (a) to determine that someone did actually enter the premises and (b) toestablish that the policyholder was not unduly negligent.
- path by which a toxic substance enters the human body, such as by inhalation, injection, ingestion, or absorption.
Popular Insurance Terms
Clause in the insurance policy that stipulates the exact time the policy coverage begins and terminates. ...
Additional coverage to a property policy. Windstorms are not one of the standard covered perils. If an insured desires coverage for windstorms and hail, an endorsement is required. ...
Section describing coverages under a policy. Elsewhere in the policy other sections may restrict or exclude coverages. ...
State law that stipulates the establishment of required reserves for claims made basis liability coverage contracts, removes the excess statutory reserves, and directs that all amounts that ...
Undiscounted loss reserves that must be maintained by property and casualty insurance companies in an adequate amount to provide for the payment of the settlement value of the outstanding ...
act that prohibits employers from requiring employees to retire at age 70. Also, the act prohibits EMPLOYEE BENEFIT PLANS from discriminating against employees in the 40 to 70 age group ...
System of classifying face amount of policies according to size within a given range. The premium rate per $1,000 of face amount varies on a declining basis. As the face amount increases, ...
Type of commercial form that provides coverage for business vehicles regardless of whether they are owned, leased, hired, or borrowed. The form's coverages are divided into the following ...
Insurance company's total number of agents. ...
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