Tag: provision

Abandonment Clause

What is 'Abandonment Clause' A clause in a property insurance contract that, under certain circumstances, permits the property owner to abandon lost...

Safe Harbor

What is 'Safe Harbor' Safe harbor refers to a legal provision to reduce or eliminate liability in certain situations as long as...

Cancellation Provision Clause

What is 'Cancellation Provision Clause' It is a provision in an insurance policy that permits an insurer or an insurance company to...

Call Provision

What is a 'Call Provision' A call provision is a provision on a bond or other fixed-income instrument that allows the original...

Callable Security

What is 'Callable Security' A security with an embedded call provision that allows the issuer to repurchase or redeem the security by...

Vanishing Premium Policy

What is 'Vanishing Premium Policy' A vanishing premium policy is a form of participating whole life insurance where the policyholder can use...

Waiver Of Restoration Premium

Waiver Of Restoration Premium What is 'Waiver Of Restoration Premium ' A clause in an insurance policy that says that the...

Waiver Of Coinsurance Clause

Waiver Of Coinsurance Clause What is 'Waiver Of Coinsurance Clause ' Language in an insurance policy that says the insurance company...

Waiver Of Premium For Disability

Waiver Of Premium For Disability What is 'Waiver Of Premium For Disability ' A provision in an insurance policy that states...

Waiver Of Premium For Payer Benefit

Waiver Of Premium For Payer Benefit What is 'Waiver Of Premium For Payer Benefit ' A clause in an insurance policy...

EDITOR PICKS

Latest