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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