If the shippers sign contract with the conference, providing it within their exclusive patronage, then they get the benefit of rates lower than the rates applicable to non-contract shippers.
Insurance Encyclopedia
Dual registration
Insurance sales representative who is licensed and registered with more than one broker.
Dual Valuation Clause
A clause in a marine hull policy providing one value for a total loss and another for all other purposes.
Dual Wages Basis
A basis for the insurance of wages in a business interruption policy giving the insured full cover against having to pay unproductive wages for one period and more limited cover for a further period.
dual-choice (DC) provision
Part of the Health Maintenance Organization (HMO) Act of 1973 in which employers must meet specific specifications to offer health insurance through a federally qualified HMO as an alternative to a traditional health insurance plan. Also referred to as dual choice .