Month: February 2018

This liability group is owned by its members, which are exposed to similar liability risks by virtue of being in the...

Uncertainty as to the outcome of an event when two or more possibilities exist. Pure Risk: The uncertainty or chance...

Any supplemental agreement attached to and made a part of the policy indicating the policy expansion by additional...

This method of dealing with risk intentionally or unintentionally keeps a portion of it for the insured's account. This...

This termination of an insurance contract is due either to material misrepresentation by the insured or by fraud,...

These statements are made by the applicant on the insurance application that are believed to be true, but are not...

This insurance can, at the election of the policy owner, be renewed at the end of a term without evidence of...

This clause defines the insurance company's and the insured's right to cancel or renew...

This form of insurance involves the reinsurer insurance company, in consideration for a premium paid to it, agreeing to...

Lessening the possibility or severity of...