Urban Development Act Of 1970
Definition of "Urban development act of 1970"
Law that provided for federal crime insurance. Because private insurance is not available for business owners and residents of certain high-crime areas, the act provides that the federal insurance administration write the coverage. Private insurers service the program.
Popular Insurance Terms
Termination of life. A death certificate is required by a life insurance company for a beneficiary to receive the death payment. ...
Rejection by an insurance company of an application for a policy. ...
Provision found in juvenile insurance that waives the premiums due on the insured child's policy provided that the payor of the premiums becomes totally disabled or dies before the child ...
Process of the continual reinsurance of a ceding company's portfolio of insurance policies. All premiums that have been ceded become earned premiums. ...
Coverage for an advertiser's negligent acts and/or omissions in advertising (both oral and written) that may result in a civil suit for libel, slander, defamation of character, or copyright ...
Exposures usually excluded from life and health insurance, or subject to a maximum limit if covered. ...
Trade association of insurance companies that writes transportation, aviation, and marine insurance. The association began operation in the 1880s and it suggests standard clauses to be ...
Policy under which a portion of the death benefit (generally 25%) becomes payable to the insured for a specified medical condition prior to death. The purpose of the accelerated death ...
Insurance company that specializes in underwriting casualty insurance. ...
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