Nuclear Reaction Exclusion
Clause in most property insurance policies that excepts coverage for loss from a nuclear reaction or radiation, or radioactive contamination. (However, a fire resulting from one of these perils would be covered.) Because of this exclusion, insurer pools have been formed to write coverage for nuclear reactors. In addition, the nuclear regulatory commission is authorized to provide coverage under the price-Anderson act.
Popular Insurance Terms
Protection under an insurance policy. In property insurance, coverage lists perils insured against, properties covered, locations covered, individuals insured, and the limits of ...
Monetary sums attached to an insurance company's assets, as listed on the annual statement. ...
Difference between the yield on earning assets and the cost of interest-bearing liabilities. ...
Difference between the actual mortality experience and the expected mortality experience. In statistical terms, this is known as the deviation of the actual (X) from the expected (X). The ...
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