Pro-rata and Short-rate are two different ways of determining the refund amount that an insured party will receive if their insurance policy is canceled before the expiry date. Understand the difference between these two methods.
Learn these tricks and shortcuts, and you can significantly reduce the amount of time it takes to analyze your data and extract what you’re looking for.
‘Prior or Pending Litigation’ and ‘Prior Acts’ exclusions are both policy conditions that reference the time period before the policy begins and specify what the policy won’t cover. Understand the distinction between these terms.
An Extended Reporting Period, or ERP, is a finite window of time beyond the end of a claims-made policy during which the insured organization may report claims to the insurer. The ERP extension only provides …
Pro-rata and Short-rate are two different ways of determining the refund amount that an insured party will receive if their insurance policy is canceled before the expiry date. Understand the difference between these two methods.
Pro-Rata vs. Short-Rate Cancellation Read More »
Learn these tricks and shortcuts, and you can significantly reduce the amount of time it takes to analyze your data and extract what you’re looking for.
5 Time-Saving MS Excel Shortcuts Every Insurance Professional Should Know Read More »
‘Prior or Pending Litigation’ and ‘Prior Acts’ exclusions are both policy conditions that reference the time period before the policy begins and specify what the policy won’t cover. Understand the distinction between these terms.
Understanding exclusions: ‘Prior or Pending Litigation’ and ‘Prior Acts’ Read More »
An Extended Reporting Period, or ERP, is a finite window of time beyond the end of a claims-made policy during which the insured organization may report claims to the insurer. The ERP extension only provides …
Extended Reporting Period (ERP) Explained Read More »
