See: “Customs clearance. ex-bonded goods.”
Tag: REFERENCE
Exceptional circumstances clause
See: SPECIAL CIRCUMSTANCES CLAUSE.
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A clause in a business interruption policy providing that adjustments shall be made in calculating the amount of a claim by allowing for the trend of the business and other circumstances which would have affected the business if the material damage had not occurred.
Exceptions
See: exclusion(s) .
Excess aggregate reinsurance
See: Aggregate Excess Of Reinsurance.
Excess charge
See: balance billing .
Excess of loss ratio
See: stop loss.
Excess-surplus lines
See: surplus lines .
Exchange of letters
See: INDIVIDUAL ARRANGEMENTS.
Exclusion endorsement
See: waiver .
Exclusion rider
See: impairment rider .
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An attachment to a policy that eliminates coverage for certain hazards.