Noninsurance Transfer
Definition of "Noninsurance transfer"
Risk management technique for shifting a corporation's exposure from itself. A risk manager looks at many alternatives to insurance to limit the risks a business firm faces. One transfer method is by contract, such as hold-harmless agreements, or to insert in an existing contract an endorsement stating that the business firm will not be responsible for something that would normally fall within its responsibility.
Popular Insurance Terms
cost of annuity based on expectation of life of the annuitant and the expense and profit loadings of the insurance company. ...
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a contract in life insurance that includes elements of whole life and term insurance. in pensions, a combined life insurance policy and a side (auxiliary) fund to enhance the amount of a ...
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Option to an insurance company to replace, reconstruct (repair), or reproduce (rebuild) damaged or destroyed property covered by property insurance rather than indemnify an insured in cash. ...
Premium rate charged by the insurance company (insurer), which is below the standard rate. ...
Trust that cannot be revoked by the creator. ...
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Coverage during the transfer of securities and monies, precious metals, and other specified types of valuables by armored guard services. Policies are specifically designed to fit an ...
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