Contracts actually written by an insurer and paid for but not yet delivered to or accepted by the insured.
Contracts actually written by an insurer and paid for but not yet delivered to or accepted by the insured.
(1) In marine insurance: an award payable to a third party for services rendered to preserve maritime property from peril at sea.
(2) In property insurance: the residual monetary value of insured property damaged as a result of an insured peril.


