[Answer] If two or more policies provide identical coverage for the same risk the policies are deemed to be __________.

Answer: Concurrent
If two or more policies provide identical coverage for the same risk the policies are deemed to be __________.
Thus the benefits derived from risk pooling decreases as the correlation between demands from the two markets becomes more positive. In government [ edit ] Intergovernmental risk pools (IRPs) operate under the same general principle except that they are made up of public entities such as government agencies school districts county governments and municipalities.
Life insurance (or life assurance especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium upon the death of an insured person (often the policy holder). Depending on the contract other events such as terminal illness …
Insurance policy – Wikipedia
Insurance policy – Wikipedia
Professional liability insurance – Wikipedia
Risk pool – Wikipedia
Sun May 02 2004 14:30:00 GMT-0400 (Eastern Daylight Time) ยท In catastrophe excess of loss the cedant’s retention is usually a multiple of the underlying policy limits and the reinsurance contract usually contains a two risk warranty (i.e. they are designed to protect the cedant against catastrophic events that involve more than one policy usually very many policies ). For example an insurance company issues homeowners’ policies with limits of up to …
Insurance policy . In insurance the insurance policy is a contract (generally a standard form contract) between the insurer and the policyholder which determines the claims which the insurer is legally required to pay. In exchange for an initial payment known as the premium the insurer promises to pay for loss caused by perils covered under …
Coverage . Professional liability insurance policies are generally set up based on a claims-made basis meaning that the policy covers only those claims made during the policy period. More specifically a typical policy will provide in…

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