A building which has exterior walls constructed of masonry materials such as adobe, brick, concrete, gypsum block, hollow concrete block, stone, tile or other similar materials and a roof and floor constructed of combustible materials. A floor which rests directly on the ground is an exception and may be disregarded.

The federal act through which maritime workers are provided workers compensation coverage (which ordinarily responds to the mandates of particular states).

A security issued by a joint stock company that does not give the holder the status of a shareholder but entitles him to a share in the profits of the Company or in the proceeds of a winding up, etc.

A Journal being published monthly. It contains articles of interest to ship-owners and essential statistics relating to ships and shipping.

The only monthly journal of Insurance published in India from Calcutta.

The conclusion of the law, delivered by a court of justice or other competent tribunal. Also means an adjudication for the payment of money.

Rates established by the judgment of the underwriter without application of a formal set of rules or schedule.

Rate-making method for which each exposure is individually evaluated, and the rate is determined largely by the underwriter’s judgment.