marine insurance

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marine insurance:

see insuranceinsurance
or assurance,
device for indemnifying or guaranteeing an individual against loss. Reimbursement is made from a fund to which many individuals exposed to the same risk have contributed certain specified amounts, called premiums.
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References in periodicals archive ?
In ocean marine cargo, if the seller is responsible for the insurance, it must show proof of insurance in the form of an ocean marine cargo insurance certificate before a bank will issue a letter of credit or a buyer will allow shipment.
Despite the concept's obvious advantages, Montgomery says only about 20 percent of existing Chubb clients that need marine cargo insurance certificates actually use the Internet-based system.
The company does not accept online applications for marine cargo insurance policies.
The work will examine marine cargo insurance by reference to English and foreign legal cases and the Marine Insurance Act 1906.
Chapter 1 History and Definition of Marine Cargo Insurance
The affirmation also reflects Intercargo's reasonable capitalization and highly specialized market position as a leading provider of marine cargo insurance and U.
Marine cargo insurance is always written on a valued basis because it is frequently impossible to determine at what point loss or damage occurred in an overseas transit.
The company writes primarily commercial auto physical damage and related inland marine cargo insurance coverage for the trucking industry.
Customs Bonds, Marine Cargo Insurance, Property & Casualty Insurance, and Professional Liability coverages for the transportation specialist industry.

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