• “Collapse: Homeowners Policy” is an additional coverage provided by a homeowner’s policy. Collapse is seen not as a danger per se, but as an additional cover with a separate approach, language and limitations. For insurance coverage to apply, the immediate cause of the crash must be a covered hazard. For example, if the wrong design of a house (excluded hazard according to the homeowners form) results in a collapse, no insurance coverage is available.

  • The Cable Communications Policy Act (CPPA) of 1984 governs personal information collected by cable television operators. With the exception of information that is used to provide service or detect unauthorized reception, cable operators must obtain written permission from subscribers before collecting or disclosing specific information about an individual. The CPPA provides for disclosure of information to government authorities when the government provides sufficient evidence that the client is engaged in the criminal activity to which the information relates.

  • Calendar year experience is the loss incurred and loss adjustment costs (LAE) for all claims (regardless of when they are reported) relating to a particular calendar year divided by the accounting premium earned for the same period. Once calculated and established, this amount does not change.

  • Cancellability refers to the fact that most insurance contracts can be terminated by the insurer or the insured at any time. If an individual policy is not cancelable, then it is likely to be labeled as guaranteed renewable or non-cancellable. Individual life insurance policies are not subject to cancellation by the insurer. Most ownership and liability policies can be waived.

  • Cancellation is the termination of an insurance policy or bond before it expires, either by the policyholder or the insurer. Policy cancellation provisions require insurers to notify policyholders in advance (usually 30 days) of policy cancellation and stipulate the manner in which any unearned premium will be refunded. With respect to reinsurance, cancellation is used in the following contexts: (1) Reinsurance ground means that the reinsurer’s liability for policies that came into effect under a contract prior to the date of cancellation of such contract continues until the expiration date of each policy. (2) The cut-off basis means that the reinsurer’s liability for policies effective under the contract prior to the date of cancellation of such contract ceases in respect of losses resulting from accidents occurring on or after that date of cancellation. Typically, the reinsurer returns the unearned premium portfolio to the company if the contract is not based on earned premiums.

  • The Dog Liability Exclusion is a policy exclusion for homeowners that excludes personal liability and damages in connection with medical benefits for dogs described in the list of approvals that are owned or under the care, custody or control of an insured person. In particular, bodily injury or property damage resulting from direct physical contact with the described dog is excluded. The need for this certification arose because many insurers were reluctant to insure homeowners who owned or controlled certain breeds of dogs that they considered aggressive, such as Chow Chows, Doberman Pinschers, Rottweilers, Huskies, Malamutes, German Shepherds. , pit bulls or wolf/dog-wolf hybrids; or insured who have had dogs with a history of biting or scratching.

  • Cannabis (marijuana) is any part of the Cannabis sativa L. plant, or a derivative thereof, with a delta-9-tetrahydrocannabinol concentration greater than 0.3 percent on a dry weight basis. Insurance Services Administration, Inc. (ISO) defines cannabis as “any commodity or product that consists of or contains any amount of tetrahydrocannabinol (THC) or any other cannabinoid, whether any such THC or cannabinoid is natural or synthetic.” [Emphasis added.]