Insurance Exam Vocabulary Terms
Loss Payable Clause
Coverage for third party mortgagee in case of default on insured property, secured by a loan, that has been lost or damaged.
Other terms you may be interested in:
- Chartered Property Casualty Underwriter (CPCU)
- Specified/Named Disease
- Errors and Omissions Liability | Professional Liability other than Medical
- State Page
- Commercial Mortgage-Backed Securities
- Continuing Care Retirement Communities
- Dental Only
- Other Accident and Health
- Credit Personal Property Insurance
- Life – Endowment
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