The legal rule by which the words of an author are to be construed against the author. Therefore, any ambiguity in an insurer’s proposal form or policy wording will be construed against the insurer. N [..]

The insuring clause of a policy document which sets out the cover provided under the policy.

A notice showing the particular details of a policy.

A form of Quota Share treaty, with more than one cession percentage depending on the size of risks under the contract. Strictly speaking, a Surplus treaty is also a Variable Quota Share.

The percentage written by underwriters on a placing slip to indicate the proportion of the sum insured and which they are prepared to accept.

A party who has been wronged. A person who is a victim is said to be aggrieved.

(Usually associated with motor vehicle insurance) A car’s agreed value is set at the beginning of each period of cover. It is based on the fair value given for the cars make and model in the motor tra [..]

The current amount covered is shown on the most recent of the insurance schedule and the renewal notice. It is the most the insurer will pay, less any excess, for a claim that is covered by the policy [..]

A system of deciding legal disputes between an insured and an insurer by use of a private tribunal outside of the court system.

Any unlawful setting fire to property.