What is the Definition of Political Risk Insurance?

What is the Definition of Political Risk Insurance?

Coverage for businesses operating abroad against loss due to political upheaval such as war, revolution, or confiscation of property.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Political Risk Insurance?

You can find random definition and meaning of insurance terms below:


What is the meaning of Arbitration

A process of settling a dispute through an impartial party. It is used as an alternative to litigation.


What is the meaning of Assigned Risk (AIP)

A driver or vehicle owner who cannot qualify for insurance in the regular market. He or she must get coverage through a state assigned risk plan which specifies that each company must accept a proportionate share of these drivers/owners.


What is the meaning of Assured

Means the same as an insured, policyholder, or someone who has an insurance policy.


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