Definition and meaning of Voidable :

Voidable: A policy contract that can be made void at the option of one or more of the parties to it. An example would be a Property Insurance policy which is voidable by the insurer if the insured commits certain acts.

(Source: InsWeb)

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Definition and meaning of Voidable :

Voidable: A policy contract that can be made void at the option of one or more of the parties to it. An example would be a Property Insurance policy which is voidable by the insurer if the insured commits certain acts.

(Source: InsWeb)

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Definition and meaning of Conversion :

Conversion: (1) Wrongful use of property by one in lawful possession of it. (2) Change of one policy form to another, usually without evidence of insurability. This usually refers to Life or Health Insurance contracts.

(Source: InsWeb)

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Definition and meaning of Conversion :

Conversion: (1) Wrongful use of property by one in lawful possession of it. (2) Change of one policy form to another, usually without evidence of insurability. This usually refers to Life or Health Insurance contracts.

(Source: InsWeb)

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Definition and meaning of Bordereau :

Bordereau: (1) A written report of individual cessions, usually detailed to show such items as reinsurance premiums or reinsurance losses with respect to specific risks. (2) A memorandum containing information concerning documents that accompany it. Used extensively in passing reinsurance from one insurer to another under a reinsurance agreement and by Property and Liability agents for passing information to various insurers on coverages written. (R,G)

(Source: InsWeb)

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Definition and meaning of Bordereau :

Bordereau: (1) A written report of individual cessions, usually detailed to show such items as reinsurance premiums or reinsurance losses with respect to specific risks. (2) A memorandum containing information concerning documents that accompany it. Used extensively in passing reinsurance from one insurer to another under a reinsurance agreement and by Property and Liability agents for passing information to various insurers on coverages written. (R,G)

(Source: InsWeb)

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Definition and meaning of CPCU :

CPCU: See Chartered Property and Casualty Underwriter.

(Source: InsWeb)

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Definition and meaning of CPCU :

CPCU: See Chartered Property and Casualty Underwriter.

(Source: InsWeb)

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Definition and meaning of Business :

Business: In Property, Liability, and Health lines, it usually refers to the volume of premiums.

(Source: InsWeb)

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Definition and meaning of Business :

Business: In Property, Liability, and Health lines, it usually refers to the volume of premiums.

(Source: InsWeb)

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Definition and meaning of Vendor :

Vendor: A person who sells property.

(Source: InsWeb)

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Definition and meaning of Vendor :

Vendor: A person who sells property.

(Source: InsWeb)

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Definition and meaning of Vendee :

Vendee: A person who purchases property.

(Source: InsWeb)

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Definition and meaning of Vendee :

Vendee: A person who purchases property.

(Source: InsWeb)

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Definition and meaning of Syndicate :

Syndicate: A group of insurers or underwriters who join to insure property that may be of such total value or high hazard that it can be covered more safely or efficiently on a cooperative basis. See also Pool.

(Source: InsWeb)

Also see these pages: Syndicate , Insurance, Insurance Sitemap, Insurance Dictionary - S

Definition and meaning of Syndicate :

Syndicate: A group of insurers or underwriters who join to insure property that may be of such total value or high hazard that it can be covered more safely or efficiently on a cooperative basis. See also Pool.

(Source: InsWeb)

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Definition and meaning of Trustee :

Trustee: A person appointed to manage the property of another.

(Source: InsWeb)

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Definition and meaning of Trustee :

Trustee: A person appointed to manage the property of another.

(Source: InsWeb)

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Definition and meaning of Umpire :

Umpire: For Property coverage, if a company and a claimant fail to agree on the amount of loss, each may appoint an appraiser, and these in turn select an umpire. A decision by any two of the three is binding.

(Source: InsWeb)

Also see these pages: Umpire , Insurance, Insurance Sitemap, Insurance Dictionary - U

Definition and meaning of Umpire :

Umpire: For Property coverage, if a company and a claimant fail to agree on the amount of loss, each may appoint an appraiser, and these in turn select an umpire. A decision by any two of the three is binding.

(Source: InsWeb)

Also see these pages: Umpire , Insurance, Insurance Sitemap, Insurance Dictionary - U

Definition and meaning of Collusion :

Collusion: An agreement, usually secret, between two or more persons to defraud or deprive another or others of their property or rights.

(Source: InsWeb)

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