US: (1) In a property insurance policy, the location where coverage applies. Usually described in the policy with a legal address. (2) Building or land occupied or owned by an insured.
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Generally, a piece of land with a building or buildings upon it.
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The particular location of property or a portion thereof as designated in a policy.

The total amount of premiums for all exposures that the insurer can safely write in a given period. This figure is also restricted based on state regulations as well as the generally accepted accounting principles applicable to property-casualty (P&C) insurers. The insurer’s written premium to policyholder’s surplus is often calculated to ascertain this capacity. Reinsurance is frequently purchased to assist insurers in this area.

Insurers earn the premium paid for an insurance policy over the life of the policy. In other words, one-twelfth of an annual premium is earned each month. An unearned premium reserve is maintained on an insurer’s balance sheet to reflect the unearned premiums that would be returned to policyholders if all policies were canceled on the date the balance sheet was prepared.

A property loss control term referring to the maximum loss expected at a given location in the event of a fire at that location, expressed in dollars or as a percentage of total values.

A period from the policy date to a specified time, usually 15 to 30 days, during which no sickness coverage is effective. It is designed to eliminate a sickness actually contracted before the policy went into effect.
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MEDICAL, US: See: eligibility waiting period.

US: A term commonly used for an agent, broker, or other insurance representative who has responsibility for selling insurance.
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A term for a person who sells insurance; for example, an agent.
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A term identifying the insurance agent, field rep, or other employee who sells insurance.
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An Agent for an insurance company.

legal liability incurred by a manufacturer, merchant, or distributor because of injury or damage resulting from the use of its product.

An agreement by an insurance carrier to protect an insured against legal liability for damage by an insured automobile to the property of another.
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An insurance policy that pays for damage caused to the property of others, including cars, as a result of a motor vehicle accident. Property damage coverage is often mandatory.