Dictionary | Of Insurance Terms

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

: A measure of profitability for an insurer, calculated by dividing the sum of incurred losses and expenses by earned premiums. Dictionary of Insurance Terms

: The front page of a policy containing specific details like the name of the insured, address, policy period, and coverage limits. : A receipt for a premium payment that