 |
reliance.bc.ca
|
0 earned Badges No badges were found
Definitions (236)
1 |
3
2
minimum retained premium
The minimum amount of premium an insurer will retain in the event the policy is cancelled prior to its expiry.
Meaning awaits approval from a moderator |
2 |
1
0
direct billing
Whereby the insurance company directly bills the insured for payment of premium.
Meaning awaits approval from a moderator |
3 |
1
1
nuisance
That which endangers life or health, gives offense to senses, violates the laws of decency, or obstructs reasonable and comfortable use of the property.
Meaning awaits approval from a moderator |
4 |
1
2
statutory conditions
Legislated policy conditions outlining duties and responsibilities of insured and insurer under contracts of automobile insurance, accident and sickness insurance and fire insurance.
Meaning awaits approval from a moderator |
5 |
0
1
quick links
About Reliance
Meaning awaits approval from a moderator |
6 |
0
0
glossary
Scroll to your term of interest, or select a letter to skip down the list of the alphabet.
Meaning awaits approval from a moderator |
7 |
0
0
act of god
A flood, earthquake, or other act occasioned exclusively by violence of nature that is without any human intervention and that could not have been prevented by reasonable care or foresight.
Meaning awaits approval from a moderator |
8 |
0
0
actual loss sustained
The basis of payment under most Business Interruption policies. The amount of the payment is limited to the actual amount the business would have earned had the loss not occurred.
Meaning awaits approval from a moderator |
9 |
0
0
actual cash value
The fair or reasonable cash price property would bring in a fair market, allowing for depreciation.
Meaning awaits approval from a moderator |
10 |
0
0
additional insured
Person(s) covered by the policy in addition to the named insured.
Meaning awaits approval from a moderator |
To view all 236 definitions, please sign in.