Key Differences between Hard Market and Soft Market
by Hard Market Hard market refers to a condition in the insurance industry characterized by high …
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Key Differences between Guaranteed Issue and Medical Underwriting
Guaranteed Issue Guaranteed Issue refers to a type of insurance policy, commonly seen in health …
Key Differences between Gross Premium and Net Premium
Gross Premium Gross Premium refers to the total amount of premiums generated by an insurance …
Key Differences between Flood Insurance and Earthquake Insurance
Flood Insurance Flood insurance is a specialized type of property coverage designed to protect individuals, …
Key Differences between Finite Risk Insurance and Traditional Insurance
Finite Risk Insurance Finite risk insurance is a specialized form of risk management where the …
Key Differences between Facultative Reinsurance and Treaty Reinsurance
Facultative Reinsurance Facultative reinsurance is a specific type of insurance arrangement where insurers cede individual …
Key Differences between Exclusion and Limitation in Insurance
Exclusion in Insurance Exclusion in insurance refers to a provision within an insurance policy that …
Key Differences between Exclusion and Endorsement
Exclusion An exclusion in insurance refers to specific conditions, situations, or events explicitly not covered …
Key Differences between Excess & Surplus Lines Insurance and Standard Lines Insurance
Excess & Surplus Lines Insurance Excess and surplus lines insurance, often referred to as E&S …
Key Differences between Estoppel and Waiver
Estoppel Estoppel is a legal principle that prevents a person from asserting or denying a …