Concurrent Causation – assets losses sustained out-of several perils where just one to losses is included however, they are both paid down of the insurer because of simultaneous experience.
Design and you will Customization Liability – within the accountability out-of an insured to help you individuals who possess sustained bodily injury or assets wreck out of improvements connected with demolition, the brand new build otherwise improvement in size of a design towards insured’s site.
Contingent Liability – the latest liability out-of a covered to people that incurred bodily burns otherwise property damage of works accomplished by a separate builder leased of the covered to perform really works which was illegal, naturally risky, or personally administered from the covered
Extension from Care Requirement – statutory or contractual supply requiring organization to deliver proper care so you’re able to an enrollee for some several months after the big date from a healthcare Package Organizations insolvency.
Contractual Responsibility – accountability publicity out of a covered that has presumed new courtroom accountability of some other people because of the authored or oral bargain. Has a good contractual responsibility coverage getting exposure for everyone obligations and you will liabilities sustained from the an assistance contract supplier beneath the regards to service contracts provided of the seller.
Copay – a repayment sharing device in group plans where the insured will pay a selected money quantity of obtain medical costs while the insurance provider pays the rest.
Borrowing – personal or group policies that give advantageous assets to a borrower getting full otherwise limited payment out-of personal debt associated with the a certain loan or any other borrowing purchase abreast of handicap otherwise involuntary jobless regarding debtor, except to the first-mortgage finance.
Borrowing from the bank – Assumption Arrangement – an insurance coverage certification issued towards an existing insurance coverage deal proving you to various other insurance carrier provides believed all of the chance according to the offer about ceding insurance company.
Credit – Borrowing from the bank Default – coverage ordered by the makers, merchants, educational institutions, or any other team of products and characteristics stretching credit, to have indemnification regarding losings otherwise damage as a result of this new nonpayment out of expenses due on it to own services and products otherwise services given on typical span of their organization.
Borrowing from the bank Crash and you may Wellness (group and individual) – exposure wanted to or open to individuals regarding the an effective credit rating purchase in which the proceeds are acclimatized to repay an excellent obligations otherwise an installment loan should your consumer was disabled as the result of an accident, and providers maybe not exceeding 120 months years.
Credit Medical health insurance – plan delegating creditor because beneficiary to own insurance policies toward a borrower and so remitting equilibrium away from percentage to help you collector if the debtor getting handicapped.
Borrowing Involuntary Jobless – credit insurance coverage giving a month-to-month or lump sum work for while in the an unpaid get-off out-of lack off a career through given factors, eg layoff, organization closing, hit, illness out of a close relative and you may use or delivery away from good son. It insurance policy is sometimes called Credit Nearest and dearest Log off.
Convertible Identity Insurance plan – plans that may be converted into permanent insurance in the place of a medical investigations
Credit Insurance – policy assigning collector since the beneficiary to possess insurance rates on the a debtor thereby remitting harmony out of percentage to help you collector through to loss of borrower.
Control off Experts (COB) – supply to eliminate more insurance policies and present a prompt and you will planned says fee program when one is protected by more one to group insurance and/or classification solution bundle
Credit Private Assets Insurance rates – insurance coverage written in experience of 
a card purchase where in actuality the guarantee is not a car, cellular home or home and therefore talks about threats on products purchased as a result of a credit purchase or utilized since guarantee to possess a card transaction which questions a good creditor’s demand for the fresh ordered items or sworn security, in both entire or in area; otherwise discusses risks to help you items bought in exposure to an unbarred-end deal.