Understand the nearly obsolete three-fourths value clause, which restricts insurers from paying more than three-fourths of the cash value of the insured property.
Understand the Universal Mercantile System in property insurance, a rating procedure now being replaced by modern systems for evaluating property insurance risks.
Learn about combination policies in vehicle insurance, a once common type of policy formed by multiple contracts from various insurers.
Explore the historical significance of the Gross Earnings Form in property insurance. Learn how it was used in business interruption coverage and why it has fallen out of favor.
Discover the role of a state agent in the insurance industry, a term historically referring to an agent who operates exclusively within specific states.
