Dictionary Of Insurance Terms ❲Plus❳

: A receipt for a premium payment that makes the policy effective from that date, provided the application is later approved.

: Specific conditions, circumstances, or items that are explicitly not covered by the insurance policy. Dictionary of Insurance Terms

: A measure of profitability for an insurer, calculated by dividing the sum of incurred losses and expenses by earned premiums. : A receipt for a premium payment that

: Coverage primarily concerned with legal liability for injuries to others or damage to their property. Dictionary of Insurance Terms