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GLOSSARY

 GLOSSARY TERMS by Alpha
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Railroad protective liability
Rain insurance
Rate filing
Rating bureau
Re-entry option
Rebate
Redlining
Reduced paid-up Insurance
Reimbursement
Reinstatement
Reinsurance
Rejection
Renewable Term Insurance
Renewable Term Insurance
Renewal
Rent insurance
Rental value insurance
Renters insurance
Replacement
Replacement cost appraisal
Replacement cost insurance
Reporting form
Representation
Reservation of rights
Reserves or reserved losses
Resident agent
Residual markets
Retention
Retroactive date
Revocable beneficiary
Rider
Risk
Risk management
Risk manager
Risk retention group
Risk selection

Representation

Any statement made on an insurance application which is represented to be true by the applicant. These statements are not warranted to be exact in every detail, but should be true to the best of the applicant's knowledge.

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