Posted on July 20, 2013July 20, 2013
A term meaning the “right of option” of an underwriter to decide (in insurance or reinsurance) whether or not to accept a risk.
Facebook
Linked In
Instagram
Twitter
Contact Us
News
Calendar
Calculators
A term which refers to the differences between the face amount of a policy and the reserve or cash value which has been built up under that policy.