TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

CREDIT EXISTING INSURANCE [2 records]

Record 1 1989-06-19

English

Subject field(s)
  • Insurance
  • Fire, Accidents, Miscellaneous Risks (Insur.)
CONT

Package policies incorporating several coverages permit the insured to continue existing policies in force until expiration, when they are "picked up" by the package policy. The "Pick-up" endorsement records these facts and grants premium credits for existing contracts subject to insured keeping them in force until their expiration date.

French

Domaine(s)
  • Assurances
  • Incendies, accidents et risques divers (Assur.)
CONT

Les polices multirisques ou "combinées", incorporant plusieurs polices en une seule, permettent à l'assuré de conserver jusqu'à sa date d'expiration une police précédente encore en vigueur; à ce moment, la garantie de la police multirisque, jusque là différée, continuera la précédente. L'avenant "pick-up" enregistre ces faits et accorde une réduction de prime, à condition que l'assuré garde le contrat précédent en vigueur jusqu'à son expiration. On appelle également cet avenant : "Crédit pour assurance préexistante".

Spanish

Save record 1

Record 2 1989-06-19

English

Subject field(s)
  • Fire, Accidents, Miscellaneous Risks (Insur.)
CONT

The Credit for Existing Insurances endorsement may be attached to a Composite Dwelling policy ...

French

Domaine(s)
  • Incendies, accidents et risques divers (Assur.)

Spanish

Save record 2

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