risk coverage
41Amount at Risk — The monetary difference between the death benefit paid by a permanent life insurance policy and the accrued cash value. For example, if a policy s death benefit is $200,000 and its accrued cash value is $75,000, then the amount at risk equals… …
42Contingent coverage — is designed to apply when the party who is supposed to purchase the builder s risk policy fails to do so, or obtains the coverage but fails to maintain it. References Categories: Insurance terms …
43Business Risk Exclusion — A type of coverage that is often omitted from product liability insurance. Business risk occurs when a company manufactures or sells a product that does not meet the level of performance that the company promises. For example, if a company… …
44Legislative Risk — The risk that legislation by the government could significantly alter the business prospects of one or more companies, adversely affecting investment holding in that company. This may occur as a direct result of government action or by altering… …
45Uninsurable Risk — A hazard or condition that has either a high likelihood of loss, or in which the insurance would be considered against the law. Insurance companies limit their losses by not taking on certain risks that are very likely to soon result in a loss.… …
46assigned risk — As relating to motor vehicles nuisance, a risk which is not ordinarily acceptable to insurers but for which coverage is required by state statute and which is, therefore, assigned to insurers participating in an assigned risk pool …
47assigned risk — As relating to motor vehicles nuisance, a risk which is not ordinarily acceptable to insurers but for which coverage is required by state statute and which is, therefore, assigned to insurers participating in an assigned risk pool …
48assigned risk plan — In those states having compulsory motor vehicle insurance laws (i.e. financial responsibility laws), such statutes provide that persons who are otherwise unable to buy coverage (because of, e.g., poor driving records) may secure insurance through …
49assigned risk plan — In those states having compulsory motor vehicle insurance laws (i.e. financial responsibility laws), such statutes provide that persons who are otherwise unable to buy coverage (because of, e.g., poor driving records) may secure insurance through …
50fleet coverage — The inclusion within the risk covered by an automobile liability policy of the entire number of cars operated by the insured, coverage being extended automatically when newly acquired vehicles are added to those already insured. Anno: 34 ALR2d… …
