A policy made up of the contracts of two or more insurers in which each provides a different kind of insurance.
Insurance Encyclopedia
Combination policy (Vehicle Insurance)
A type of policy that is no longer popular; made up of multiple contracts written by multiple insurers.
Combination program
Combination of state, employer self-insured, and commercial workers’ compensation programs.
Combination resume
Datasheet that combines specific dates or work experience with educational skills.
Combination Vessels
Container/Break bulk vessel – this type of ship accommodates both container and break-bulk cargo. It can be either self-sustaining or non-self-sustaining.
Combined Claim
A claim under an environmental impairment liability insurance which relates partly to insured and partly to excluded losses.
Combined Code on Corporate Governance
Re-published in 2003 following the Higgs Report and the Smith Guidance on Audit Committees. The Code raises corporate governance standards for listed companies, and incorporates the Turnbull report on internal control, the Smith guidance and good practice guidance from Higgs. Directors should at least annually conduct a review of the effectiveness of all internal controls including financial, operational, compliance and risk management. The FSA’s Listing Rules underpin the Code by obliging companies to state in their annual reports how they have applied the principles of the Code (www.frc.org.uk).
Combined Company Policy
A Policy issued on behalf a number of insurance companies, each insuring a portion of the risk.
Combined liability policy
Policy combining two or more types of liability insurance in one document, e.g. public liability, products liability and employers’ liability.
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A policy combining employers liability and public liability cover.
Combined Quota Share & Surplus Treaty
Refer: “Reinsurance, Surplus Treaty and Quota Share Combined.”