This form commonly in use for coverage on the property of commercial risks from whatever perils are specified in the contract.
Tag: RAW
General property form (Property Insurance)
A widely used form of commercial insurance, used to protect the property from risks specified in the contract.
General Provisions
Those provision in addition to the regular insuring and benefit provisions and to the standard or uniform provisions, which define and limit the coverage. Also, called additional provisions.
General representative
A person resident in the UK designated as the representative of an insurance company with a head office outside the UK, who is authorised to act generally and accept the service of documents.
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A person appointed by Lloyd’s to represent Lloyd’s and Lloyd’s underwriters in a particular country or territory. A General Representative may be a natural person or a company. An agreement between Lloyd’s and the General Representative sets out the General Representative’s duties and responsibilities.
General revenue
Income to the supplemental medical insurance (SMI) trust fund from the general fund of the U.S. Department of the Treasury. Only a small percentage of total SMI trust fund income each year is attributable to general revenue.
General sessions
See: small claims court .
General supervision
Direction and management of a medical procedure given by the physician, but the doctor’s attendance is not necessary during the procedure (e.g., only available by telephone). Some medical procedures require general supervision to bill for a specific level of service. This level of supervision is never sufficient for meeting “incident-to” services. Also see direct supervision and personal supervision .
General Terms of Agreement
See: Abi General Terms Of Agreement.
General Underwriters Agreement (GUA)
An agreement born out of LMP 2001 between the (re)insurers who are parties to the slip specifying the terms on which the slip leader acts as agent of the underwriters to deal with alterations, amendments and agreements.
General underwriters’ agreement
An agreement between insurers and reinsurers on a subscription risk specifying the terms on which the leading underwriter shall act as the agent of the following underwriters as regards the agreement of amendments to coverage terms.