New England Farm House

Definition of "New England farm house"

A simple box-shaped house with clapboard siding and a gable roof.

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Retention And Limits Clause

Provision in almost all excess of loss reinsurance contracts under which payment is made by a re ins ...

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Act of postponing a closing for another day or place. Adjournments of closing can occur for a variet ...

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Increased satisfaction a buyer obtains from the purchasing an additional unit of a good, service, or ...

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Situation involving a chance of a loss or no loss, but no chance of gain. For example, either one's ...

Associate In Underwriting (au)

Professional designation earned after the successful completion of four national examinations given ...

Uberrimae Fidei Contract

Agreement "of utmost good faith." Under law, it is assumed that insurance contracts are entered into ...

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