US: A document prepared in a prescribed arrangement of words and layout. A rider, policy, endorsement, or application—all of these are forms.
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A document that completes a policy. This term can also mean an endorsement or rider.
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Pre-printed document attached to an Insurance Policy giving details of the insured exposure or tailoring the coverage to a specified exposure. Also, any rider or endorsement, such as a deductible endorsement form.
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The central document or documents of an insurance contract. Forms may be altered by endorsement.
Tag: US
Front company
An insurer that issues a policy and cedes all or a substantial part of the risk to another insurer. Certain types of statutory coverages requiring evidence of insurance from admitted insurers are fronted and reinsured by captives. A “pure front” is one that delegates underwriting and claims handling authority to the reinsurer or a managing general agent (MGA). Most insurers that front for captives are not pure fronts.
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An insurer that issues a policy and cedes all or a substantial part of the risk to another insurer. Certain types of statutory coverages requiring evidence of insurance from admitted insurers are fronted and reinsured by captives. A “pure front” is one that delegates underwriting and claims handling authority to the reinsurer or a managing general agent (MGA). Most insurers that front for captives are not pure fronts.