It is the practice by many insurers to issue a short form certificate instead of writing a whole new policy to replace an expiring one. This form is the renewal certificate and contains references to the original policy rather than…
A certificate which attests to the fact that an insurance policy has been extended for another term.
The standard fire insurance clause which insures against reasonable costs incurred and damage done in removing the insured property from the path of the fire or other insured peril in order to mitigate the loss. Removal may mean taking the…
The relative index based on the cost per vehicle for a specified coverage’s insurance claims.
Insurance purchased by an insurance company from another insurance company (reinsurer) to provide it protection against large losses on cases it has already insured. Essentially, insurance for insurance companies.
The reactivation of suspended or cancelled insurance.
The federal, provincial or territorial government agency responsible for the control and regulation of the insurance industry under its jurisdiciton.
When the insurance business environment is operating effectively, low-risk consumers find that auto insurance is available to them from any insurance company and at a reasonable price.
Legislation in Ontario requires the licensing and self regulation of all brokers in the province selling insurance to the public. (Not to be confused with agents that represent a specific company.) http://www.ribo.com/