renewal of insurance

See renewal of policy.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • renewal of policy — The continuance of insurance in force by the payment of a new premium, sometimes under a provision for renewal contained in the contract of insurance. A renewal of insurance by the payment of a new premium and the issuance of a receipt therefor,… …   Ballentine's law dictionary

  • renewal — re·new·al /ri nü əl, nyü / n 1: the act or process of renewing a renewal of the copyright 2: the quality or state of being renewed 3: something renewed 4: something used for renewing; specif: an expenditure that betters existing fixed assets …   Law dictionary

  • Renewal theory — is the branch of probability theory that generalizes Poisson processes for arbitrary holding times . Applications include calculating the expected time for a monkey who is randomly tapping at a keyboard to type the word Macbeth and comparing the… …   Wikipedia

  • renewal premium — ➔ premium1 * * * renewal premium UK US noun [C] ► INSURANCE money that you pay to make an insurance agreement continue for an extra period of time: »It may be possible to save as much as 30% on a renewal premium by shopping around …   Financial and business terms

  • renewal notice — ➔ notice * * * renewal notice UK US noun [C] ► an official document that tells you that an agreement will soon end, and an arrangement needs to be made if you want to continue it for an extra period of time: »Your new insurance premium is shown… …   Financial and business terms

  • insurance — /in shoor euhns, sherr /, n. 1. the act, system, or business of insuring property, life, one s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a… …   Universalium

  • renewal notice — An invitation from an insurer to continue an insurance policy that is about to expire by paying the renewal premium. The renewal premium is shown on the notice; it may differ from the previous premium, either because insurance rates have changed… …   Accounting dictionary

  • renewal notice — An invitation from an insurer to continue an insurance policy that is about to expire by paying the renewal premium. The renewal premium is shown on the notice; it may differ from the previous premium, either because insurance rates have changed… …   Big dictionary of business and management

  • insurance tied agent — An agent who represents a particular insurance company or companies. In life and pensions insurance, a tied agent represents only one insurer and is only able to advise the public on the policies offered by that one company. In general insurance… …   Big dictionary of business and management

  • renewal commission — A commission, calculated on a renewal premium, to which an insurance agent is entitled by virtue of having obtained the application for the policy by solicitation of the insured …   Ballentine's law dictionary

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