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Covers financial loss caused by cancellation of an outdoor event due to rain, e.g., fairs, outdoor concerts, etc.

Payment that releases someone or something from captivity.

A charge for insurance based on factors relating to insurance qualities, market conditions, etc.

Insurer’s manual which details underwriting rules and rates for use by staff, agents and brokers.

The compilation and analyzing of data that will establish rates that accurately reflect the level of risk.

In the law of principal and agent, the confirmation by one person of an act or contract performed on his behalf by another who at the time assumed without authority to act as his agent.

A non-profit organization of insurance companies formed to promulgate rates for its members and subscribers.

Generally, the number arrived at when one number is divided by another.

Property that concerns real property.

Real property, consisting of land and anything permanently affixed to it, e.g., buildings, fences, and those things attached to the buildings, such as light fixtures, plumbing and heating fixtures.