Dictionary Of Insurance Terms Here

: Specific conditions, circumstances, or items that are explicitly not covered by the insurance policy.

: The total amount of capital an insurance company has available to underwrite general coverage or specific risks. Dictionary of Insurance Terms

: A formal document that changes or adds provisions to the original insurance policy. Industry Specific Terminology Key terms used in underwriting and claims processing: : Specific conditions, circumstances, or items that are

: A receipt for a premium payment that makes the policy effective from that date, provided the application is later approved. : Specific conditions

: The right of an insurer to pursue a third party that caused an insurance loss to the insured. Essential Policy Components