by sdavey@bcicny.com | Dec 12, 2012 | Term of the Day
An assessment of the risk that arises from the underestimation of liabilities for business already written or from incorrectly pricing new or prospective business.
by sdavey@bcicny.com | Dec 10, 2012 | Term of the Day
Insurance written on property that is approximately equal to its actual value. It can also mean insurance that is written to meet requirements set by coinsurance.
by sdavey@bcicny.com | Dec 6, 2012 | Term of the Day
Perils, property or locations that are not included as part of an insurance contract.
by sdavey@bcicny.com | Dec 5, 2012 | Term of the Day
Insurance that specifically deals with coverage for institutions, organizations, businesses and commercial establishments.
by sdavey@bcicny.com | Dec 4, 2012 | Term of the Day
A temporary contract that provides coverage to the insured until a permanent policy is issued.
