Friday, 20 April 2018

property and casualty insurance terms

Camera and musical instruments dealers coverage form - Filed commercial inland marine form written to cover camera and musical instruments dealers; covers the insured's stock in trade as well as customer property in the insured's care, custody, or control.

Cancellation - Termination of an insurance policy by the insured or the insurance company during the policy period.

Capital - The accumulated, permanent resources a company gets from owners and customers; the value of the portion of assets that a company owns and that are not restricted by obligations to creditors.

Captive agent - See Exclusive agent.

Cargo insurance - Type of ocean marine insurance that covers goods while they are in transit over water.

Casualty insurance - Line of insurance that includes a wide variety of unrelated coverages, including liability, auto, workers' compensation, aviation, crime, and surety bonds. Click here to know more about #property and casualty insurance definitions.

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