Payment Of Premiums On Bonds
Definition of "Payment of premiums on bonds"
Act that seals a contract and is noncancellable. surety bonds and fidelity bonds resemble insurance contracts in many ways. However, the surety, which is often an insurance company, cannot cancel a bond once the premium has been paid.
Popular Insurance Terms
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Difference between the earned premiums and the losses and expenses of an insurance company. ...
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