Section 391 of Indian Penal Code defines Dacoity as: “When five or more persons conjointly commit or attempts to commit a robbery, or where the whole number of persons conjointly committing or attempting to commit a robbery, and persons present and aiding such commission or attempt amount to five or more, every person so committing, attempting or aiding, is said to commit “dacoity.”

The ratio of losses less than $2,000 combined with the discounted value of larger losses, as compared to total losses expected of an insured in a certain kind of business. This ratio is used to compile workers compensation experience ratings.

This component personalizes the policy to a given insured or insured. The purpose of the declaration page is to state certain facts about the parties and the contract. It contain the necessary information to identify the insured(s), the exposure to be covered, the insurance limits and coverage provided, the rates and premium charged, the inception and expiration dates and times for the coverage the policy number and the name of the insurance agent or intermediary and the insurance company.I-Insuring Agreement : This is a statement in broad general terms of the coverage being provided in the policy by the insurance company. The insurance agreement is then tempered by the provisions, conditions and exclusions within the policy.C-Conditions : Because an insurance policy is a legal contract, it is necessary to spell out the rights, duties and responsibilities of the parties involved. The conditions are the vehicle used for that purpose A condition affecting coverage may be found in any part of an insurance contract.E-Exclusions : The exclusions limit the coverage granted by the insuring agreement to the scope intended by the insurance company for the particular policy form. It may appear to be unusual to first grant and then take away coverage to arrive at the desired specific insurance. However to spell out each kind of loss covered would be voluminous. Consequently the insurance agreement is covered in one section and the exclusions in another. It should be noted that exclusions affecting coverage may be found in part of the contract.Endorsements : These are the fifth part of an insurance contract. Endorsements are attachments which can be added to a policy to amplify the wordings or change its meaning or to add or restrict coverage. They are used to adapt the policy to the needs of an individual insured. In Personal Accident and Health Insurance policy the endorsement form is called a “rider.”Insurance Cycle : The process whereby hard premium rates resulting in an increase in the supply of insurance are followed by soft premium rates due to the increased competition, which in turn causes, a decrease in the supply, reduced competition and a return to hard premium rates. This process occurs in all types of insurance though at different speeds and to different degrees.

Dangerous articles tariff.

Departmental of Civil Aviation. Commonly used term to denote the government department of any foreign country that is responsible for aviation regulation and granting traffic rights.

Delivered duty paid. Also known as “free domicile.”

Delivered duty unpaid. Reflects the emergence of “door-to-door” inter-modal or courier contracts of carriage where only the destination customs duty and taxes (if any) are paid by the consignee.