The right of an insurer to change the premium rate on classes of insureds, or blocks of business at the time of policy renewal.
The right of an insurer to change the premium rate on classes of insureds, or blocks of business at the time of policy renewal.
A formal statement made by the Insured to the Insurance Company regarding a loss. The purpose of the proof of loss is to place before the Company sufficient information concerning the loss, to enable it to determine its liability under the policy.