CMCA Insurance
Actual cash fee - ANS-The depreciated value of an item.
Agreed quantity endorsement - ANS-Provides for an agreed upon limit of property insurance.
ARM - ANS-Associate in Risk Management.
CIC - ANS-The Certified Insurance Counselors Program.
CIRMS - ANS-Community Insurance and Risk Management Specialist.
Co-insurance - ANS-A widespread element in maximum assets regulations that obligates the
insured to keep a positive restriction of assets coverage primarily based on a stated percent.
Contractual switch - ANS-Involves moving into a agreement with a purpose to, amongst other
matters, switch the network association's prison responsibility for any loss.
CPCU - ANS-Chartered Property Casualty Underwriter.
Cross legal responsibility - ANS-The proper to sue any other celebration insured underneath the
same liability policy.
Direct author gadget of coverage - ANS-Comprised of personnel of a unmarried insurance
organisation who most effective place the coverage of that business enterprise.
Directors and Officers liability coverage - ANS-This insurance is designed to pay for damages
springing up from wrongful acts that do not result in assets harm, physical harm, advertising
damage or non-public damage.
Exposure avoidance - ANS-Avoiding instances that would expose the community to positive
styles of loss.
HO-1, 2, 3 & 5 policies - ANS-refer to regulations for owner-occupied devices.
HO-four policy - ANS-Is a tenant policy.
HO-6 coverage - ANS-Is a coverage for a rental or cooperative unit owner.
Actual cash fee - ANS-The depreciated value of an item.
Agreed quantity endorsement - ANS-Provides for an agreed upon limit of property insurance.
ARM - ANS-Associate in Risk Management.
CIC - ANS-The Certified Insurance Counselors Program.
CIRMS - ANS-Community Insurance and Risk Management Specialist.
Co-insurance - ANS-A widespread element in maximum assets regulations that obligates the
insured to keep a positive restriction of assets coverage primarily based on a stated percent.
Contractual switch - ANS-Involves moving into a agreement with a purpose to, amongst other
matters, switch the network association's prison responsibility for any loss.
CPCU - ANS-Chartered Property Casualty Underwriter.
Cross legal responsibility - ANS-The proper to sue any other celebration insured underneath the
same liability policy.
Direct author gadget of coverage - ANS-Comprised of personnel of a unmarried insurance
organisation who most effective place the coverage of that business enterprise.
Directors and Officers liability coverage - ANS-This insurance is designed to pay for damages
springing up from wrongful acts that do not result in assets harm, physical harm, advertising
damage or non-public damage.
Exposure avoidance - ANS-Avoiding instances that would expose the community to positive
styles of loss.
HO-1, 2, 3 & 5 policies - ANS-refer to regulations for owner-occupied devices.
HO-four policy - ANS-Is a tenant policy.
HO-6 coverage - ANS-Is a coverage for a rental or cooperative unit owner.
