Islamic Finance
Discount on the Cost of Acquisition in Murabaha
December 14, 2022
Finance
Assumable Mortgage
December 14, 2022

An insurance coverage (a policy) that is contingent on the absence or unavailability of other insurance. In other words, the contingent policy will not become effective if , or as long as, the underlying, insurable risk is already covered under another policy.

Contingent insurance includes an escape-type “other insurance” provision stating that it shall not be in effect if there is another policy providing coverage.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Tags

All Topics in the Letter 

Related Posts