In a marine cargo open cover, the limit of an Insurer’s liability on the value of cargo to be carried by any single vessel.
In a marine cargo open cover, the limit of an Insurer’s liability on the value of cargo to be carried by any single vessel.
Life or Health Insurance for which premiums are being paid, or for which premiums have been fully paid. The term refers to the total face amount of a Life insurer’s portfolio of business. In Health Insurance it refers to the total premium volume of an insurer’s portfolio of business.