Posted on July 20, 2013July 20, 2013
A term used in the sale of goods where the buyer’s responsibility for the goods attaches from the time they leave the seller’s warehouse.
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An Insurer who acts for other (re)insurers by issuing a policy in its own name, thereby holding itself directly liable for claims to the insured, although the liability of the Company is reinsured 100% with other insurers.