Dictionary Of Insurance Terms Instant

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

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

: The front page of a policy containing specific details like the name of the insured, address, policy period, and coverage limits. : Specific conditions, circumstances, or items that are

: The legal principle that insurance should restore the insured to the same financial position they were in prior to a loss, without providing a profit. : The legal principle that insurance should restore

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

: A fundamental principle requiring both the insurer and the insured to act with total honesty and disclose all material facts.

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