by sdavey@bcicny.com | Feb 11, 2013 | Term of the Day
The insurer to which another insurer transfers the chance of loss.
by sdavey@bcicny.com | Feb 8, 2013 | Term of the Day
When an insurer notifies the insured that as of a certain date coverage will cease.
by sdavey@bcicny.com | Feb 7, 2013 | Term of the Day
The month and day of the inception and expiration date.
by sdavey@bcicny.com | Feb 6, 2013 | Term of the Day
A speculative risk has three possible outcomes: loss, neither loss nor gain and gain.
by sdavey@bcicny.com | Feb 5, 2013 | Term of the Day
Specific insurance on items such as jewelry, furs, coin collections or artwork.