Reinsurance commission payable at an unchanging rate with no adjustment for profit or performance on the treaty.

An amount deducted from a sum payable on death if death occurs within a specified term. If the life insured survives the policy term the full sum insured is payable. The fixed debt has largely been superseded by the diminishing debt. See DEBT 1.

Harbours piers, wharves, buoys and similar fixed objects with which a ship may collide. The shipowner’s resultant collision liability is insured by Protection and Indemnity Clubs.
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In Marine Hull Liability insurance a distinction is drawn between “collision” with vessels and contact with “fixed objects” such as piers, wharves and fastened buoys, the latter not being covered by collision clauses.

Additions to buildings ‘therein or thereon’, usually considered a part of the building. The landlord’s fixtures and fittings are insured as part of the building but if installed by the tenant they are insured as ‘contents’. In regard to any particular fixtures or fittings it is necessary but not sufficient to ascertain who installed them as fittings installed by a tenant may be become landlord’s fixtures. Pointers include purpose of the addition, the degree of actual attachment to the building and the terms of any lease.