: Specific conditions, circumstances, or items that are explicitly not covered by the insurance policy.
: A receipt for a premium payment that makes the policy effective from that date, provided the application is later approved. Dictionary of Insurance Terms
This " Dictionary of Insurance Terms " paper provides a foundational guide to the specialized terminology used in the insurance industry, designed to assist consumers, agents, and professionals in navigating complex policy language. Core Insurance Principles : Specific conditions, circumstances, or items that are
: A document providing formal evidence of insurance coverage, often required for business contracts. : Specific conditions