Learn about delivered business in life insurance, where contracts are delivered to the insured but have not yet been paid for. Understand the implications and significance of this term in the insurance industry.
Learn about the definition of 'Cover' in general insurance terms, including its use in insurance contracts, addition of assets, and provision of coverage.
Explore the definition of a covered person in insurance. Learn about what it means to be a covered person under an insurance contract and its implications.
Learn about policy cancellation in general insurance, including what it entails and the conditions under which a policy can be terminated as per the contract terms.
Learn about the 'Free of Particular Average' clause in marine insurance contracts. Find out how it functions like a deductible, where losses below a specified amount are not covered.
Learn about the countersignature law, a state mandate requiring a representative's signature from the insurer on insurance contracts issued within the state. Understand how it influences insurance policies and compliance.
Learn about the contract of adhesion in insurance, where terms cannot be negotiated by the insured. Understand its implications in insurance agreements.
Understand what in-area services mean in health insurance, focusing on the health care services provided within a designated geographical area as per the contract terms.
