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GLOSSARY

 GLOSSARY TERMS by Alpha
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Umbrella liability
Underground Storage Tank (UST)
Underinsured
Underinsured motorists coverage
Underlying insurance policy
Underlying limits
Underwriter
Underwriters Laboratories, Inc. (UL)
Unearned premium
Unilateral contract
Uninsurable risk
Uninsured motorists coverage
United States Longshore and Harbor Workers Compensation Act (USL&H)
Universal Life Insurance
Unsatisifed judgment fund (UJF)

Unearned premium

That portion of an insurance premium that would have to be returned to the insured if the policy were cancelled.

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