Provision in a marine hull policy that provides for a return of premium when the ship is laid up in protected waters for not less than a specified number of days.
Facebook
Linked In
Instagram
Contact Us
News
Calculators
Resource Center
Asset Share Value
The value of a book of business to an insurer, assuming that the business has been in force long enough to show true mortality rates. This value must be known by the insurer in order to make rates and also in order to sell the business. If assets share values do not grow properly, either the rates have been too low or expenses too high.