Unauthorized Insurance


Definition of "Unauthorized insurance"

Insurance policy sold by nonadmitted insurer.

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Popular Real Estate Terms

Estimated Premium

Method of premium payment under which a temporary premium is charged based on projected loss experience. At the end of the year this premium is adjust ...

S Corporations

Corporations that have elected to be taxed according to the provisions of Sub chapter S of the Internal Revenue Code. In order to qualify under these ...

Group Universal Life Insurance

Policy similar to that of an individual universal life insurance policy except that the coverage is provided (up to a limit) without the requirement o ...

Cash Flow Underwriting

Pricing of the insurance product below the necessary premium rate to reflect the costs of expected losses. The thesis of this pricing strategy is to o ...

Interior Robbery Policy

Coverage for the inside of an insured premises of a business firm if it experiences a loss of money, securities, personal property, and damage or dest ...

Condition Precedent

Contractual obligation that requires one party to the contract to fulfill its obligation before another party to the contract is required to fulfill i ...

Popular Real Estate FAQ

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

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FAQ

What are the benefits of Business Owners Insurance? When Should I Get Travel Insurance? What is a mortgage banker? What is a lifetime rate cap? What is an escrow officer?