A policy specifically written to include coverage or conditions not included in a standard policy. This type of policy is usually prepared by a larger brokerage for a larger account, in compliance with state laws.
***
UK: A written policy based on the specific needs of a large commercial insured such as a major airline. The standard policy form is not suitable and at the request of the broker or risk manager the manuscript policy is drawn up.
***
An insurance policy covering property or liability exposures (or both) that is uniquely assembled from standard or specially created forms to suit the needs of an insured. Endorsements may be manuscripted as well.
***
Insurance Policy conditions typewritten or handwritten to include specific coverage or conditions not provide in a standard Policy. In any dispute over Policy language, the adhesion doctrine is modified for such a Policy.
Insurance Encyclopedia
Map (Property Insurance)
For insurance purposes, a map is used to locate the geographical location of a risk and assess its character. They are also used to track how many policies have been written in a certain area, thereby avoiding a catastrophic loss.
Map clerk (Property Insurance)
A junior underwriter charged with tracking the insurer’s exposure in a given area. This is done by entering data, such as property covered and the policy number, on maps.
Mapping
See: data mapping, crosswalk, and crosswalking .
Maps
In Fire Insurance, maps are used by underwriters to locate the character of the risk, especially in large cities. Notification on the maps indicate the amount of liability carried on a particular risk in a certain area.
MAR
See: medication administration record (MAR) .
Mar-91
Policy form used in the London market to which the standard Institute Clauses must be attached. The form sets out the agreement to insure in simple terms leaving cover to be defined by the standard clauses.
Mare and Foal Policy
A livestock cover insurance covering a mare and her unborn foal against mortality risk.
Mareva Injunction
An injunction by a court restraining a party to an action from removing his assets out of the court’s jurisdiction or disposing of them.
Margin
Insurance provision to allow for an error when estimating premium rates and reserve requirements.