Valued policy laws
Valued policy laws is requiring payment to an insured of the face amount of insurance if a total loss to real property occurs from a peril specified in the law, even though the policy may state that only the actual cash value will be paid.
Category: Banking & Finance
Previous: ← Valued policy
Next: Variable annuity →
More from this Section
- Cross-hedging
Cross-hedging— hedging an open position in one currency with a hedge on another currency ... - Joint-and-survivor annuity
Joint-and-survivor annuity based on the lives of two or more annuitants. The annuity income ... - Bankruptcy
Bankruptcy occurs when a company is unable to pay its debts as they become due, or has ... - Factor income
A component of the current account is factor income, which represents income received ... - Reverse transactions
Reverse transactions is the purchase or sale of eligible assets by the European Central ...