Ordinary Insurance, the premiums for which are collected at the door monthly in the same fashion as Industrial policies.
Ordinary Insurance, the premiums for which are collected at the door monthly in the same fashion as Industrial policies.
(1) The arithmetic mean; (2) In marine insurance, loss or damage; or 3) In non-marine property insurance, where average is said to apply and there has been under-insurance, the insured’s claim is reduced in proportion to the under-insurance.