Where cargo is carried by airline between countries in neither of which it is based.
Insurance Encyclopedia
Fifth Motor Vehicle Directive
Proposal (10/6/02) for motor insurance against civil liability. Main points: the minimum sum should be set at €2 million throughout the EU; three-month deadline for registration of car with foreign plates; where an accident occurs and the vehicle cannot be linked to a specific country it will be linked to the country in which the accident occurred; insurance companies claims-representatives or branch offices in Member States should be able to settle claims; a person who buys a car abroad should be able to obtain 2-4 weeks full insurance to cover the return journey to the buyer’s own country.
Figures
The statistical record showing the premium income and claims attaching to an Insurance, or a Reinsurance, long term contract.
File and use rating laws
State laws that permit the use of new rates by an insurance company without first obtaining the approval of that state’s insurance department.
File and use rating laws (Legal Terminology)
State laws that allow insurers to assume new rates without having to seek insurance department approval.
Filing
In insurance, to submit a proposed policy form to get it approved by the insurance department of the jurisdiction where it will be issued.
Filing claims
See: claim .
Film finance insurance
Indemnifies the insured if, at the end of a specified period, the finance he has provided exceeds the revenue collected from the production and sale of the various films known collectively as a ‘slate. The sum insured represents the entire cost of producing a slate of films, i.e. a given number, and the premium is a percentage thereof.
Film producers’ indemnities
Contingency insurance against pecuniary loss due to the interruption or abandonment of film through the death or incapacity of named actors or actresses.
Final average benefit formula
Formula in a defined benefit retirement plan in which the retirement benefit amount is obtained based on the participant’s average wages during a specific period (usually 3 to 5 years before retirement). Also known as final earnings benefit formula .