commercial lines definition

commercial lines. ’ means non-life insurance business other than in respect of personal lines;
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commercial lines means any line of insurance that is not a personal line.
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commercial lines means property insurance products designed for commercial and residential businesses and other commercial entities.
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Examples of commercial lines in a sentence

  • The following list of activities may apply to any Call Type received, whether to a specific policy, group of policies, Commercial Lines policy, or Personal Lines policy.

  • FNB Life is duly authorized by the Financial Services Board to provide financial services in respect of the following financial products ▪ Category I – Advice and Intermediary Services: o Long Term Insurance categories A, B1, B2 and C o Short-Term Insurance – Personal and Commercial Lines; Short term Deposits, Pension Fund Benefits, o Securities and Instruments – shares, money market instruments derivative instruments, Participatory interest in Collective investment schemes, Health service benefits.

  • Producer agrees to pay a First Month Fee of $50 which covers the onboarding costs associated with running background, credit, NIPR reviews of your agency and your license, and your first month fees for the use of the Personal Lines and Commercial Lines rating platform.

  • Short-term Insurance Personal Lines (Advice Non-Automated and Intermediary Other) Short-term Insurance Personal Lines A1 (Advice Non-Automated and Intermediary Other) Short-term Insurance Commercial Lines (Advice Non-Automated and Intermediary Other) The FSP accepts responsibility for the actions of the Representatives acting in the scope and course of their employment and regularly monitors the Fit and Proper Status of its representatives.

  • Insurance Corporation (Citizens) This term means the entity formed under Section 627.351(6), Florida Statutes, and refers to both Citizens Property Insurance Corporation Coastal Account and Citizens Property Insurance Corporation Personal Lines and Commercial Lines Accounts.

  • The position descriptions for individuals underwriting Commercial Lines and Personal Lines policies attached as Exhibits A and B respectively, which may be updated from time to time, outline the minimum requirements for Vendor Staff handling Activities.

  • Vendor shall provide Citizens with Commercial Lines policy or Personal Lines policy underwriting Services as set forth herein.

  • Insurance Corporation (Citizens) This term means the entity formed under Section 627.351(6), Florida Statutes and refers to both Citizens Property Insurance Corporation High Risk Account and Citizens Property Insurance Corporation Personal Lines and Commercial Lines Accounts.

  • PRODUCER Commercial Lines - (000) 000-0000 Xxxxx Fargo Insurance Services USA, Inc.

  • By selecting the Profit Sharing Preferred Commercial Lines Lock-In Option (“Lock-In Option”), the Agent agrees to receive a Preferred Commercial Lines Profit Sharing payment, according to the process described above in the Method of Calculation section of this Agreement, based on the Agent’s results as of either September 30 or December 31 of each year, whichever is greater.


More Definitions of commercial lines

commercial lines means insurance for business and
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commercial lines means any line of insurance that is not a personal line. [ 1989, c. 797, §2 (NEW); 1989, c. 797, §§37, 38 (AFF) .] 2. "Developed losses" means losses, including loss adjustment expenses, adjusted, using standard actuarial techniques, to eliminate the effect of differences between current payment or reserve estimates and those needed to provide actual ultimate loss and loss adjustment expense payments. [ 1989, c. 797, §2 (NEW); 1989, c. 797, §§37, 38 (AFF) .] 3. "Expense" means that portion of a rate attributable to acquisition, field supervision and collection expenses; general expenses; and taxes, licenses and fees. [ 1989, c. 797, §2 (NEW); 1989, c. 797, §§37, 38 (AFF) .] 4. "Loss trending" means any procedure for projecting developed losses to the average date of loss for the period during which the policies are to be effective. [ 1989, c. 797, §2 (NEW); 1989, c. 797, §§37, 38 (AFF) .] 5. "Personal lines" means homeowners, tenants, private passenger nonfleet automobiles, mobile homes and other property and casualty insurance for personal, family or household needs. [ 1989, c. 797, §2 (NEW); 1989, c. 797, §§37, 38 (AFF) .] 6. "Prospective loss costs" means that portion of a rate that does not include provisions for expenses, other than loss adjustment expenses, or profit, and is based on historical aggregate losses and loss adjustment expenses adjusted through development to their ultimate value and projected through trending to a future point in time. [ 1989, c. 797, §2 (NEW); 1989, c. 797, §§37, 38 (AFF) .] 7. "Rate" means the cost of insurance per exposure unit, whether expressed as a single number or as a prospective loss cost with an adjustment to account for the treatment of expenses, profit, and individual insurer variation in loss experience, prior to any application of individual risk variation based on loss or expense considerations, and not including minimum premium. [ 1989, c. 797, §2 (NEW); 1989, c. 797, §§37, 38 (AFF) .] 8. "Supplementary rating information" means any manual or plan of rates, classification rating schedule, minimum premium, policy fee, rating rule, underwriting rule, statistical plan and any other similar information needed to determine the applicable rate in effect or to be in effect. [ 1989, c. 797, §2 (NEW); 1989, c. 797, §§37, 38 (AFF) .] 9. "Supporting information" means: A. The experience and judgment of the filer and the experience or data of other insurers or advisory organizations relied upon by the filer; [1989, c...
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commercial lines means property and casualty insurance written through Hallmark General Agency, Inc.
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commercial lines means insurance for business and professional interests, except
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commercial lines shall be defined as a Component of the CMS related to the Base and Auto System to process claims involving commercial lines of insurance, excluding motor vehicle claims.
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commercial lines means insurance for business and professional interests, except that it does not include medical malpractice insurance.
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Related to commercial lines

  • Commercial Launch means on a country-by-country basis, the first sale of a Product to a Third Party following Regulatory Approval of the Product in such country.

  • Commercial property means property formerly or currently used primarily for business, retail, governmental or professional purposes.

  • Commercial License means any license issued to an individual or entity that is not a patient, caregiver, or transporter agent.

  • Commercial project means any project, including, but not

  • Commercial driver s license" means:

  • Commercial Product means any such product as defined in FAR 2.101.

  • Commercial Item means a commercial item as defined in FAR 2.101.

  • Research facility means buildings and structures, including machinery and equipment, used or to be used primarily for research or experimentation to improve or develop new tangible goods or materials or to improve or develop the production processes thereto.

  • Commercial Production means the operation of the Property or any portion thereof as a producing mine and the production of mineral products therefrom (excluding bulk sampling, pilot plant or test operations);

  • Commercial Development means any development on private land that is not heavy industrial or residential. The category includes, but is not limited to: hospitals, laboratories and other medical facilities, educational institutions, recreational facilities, plant nurseries, car wash facilities, mini-malls and other business complexes, shopping malls, hotels, office buildings, public warehouses and other light industrial complexes.

  • Commercial Activities means activities conducted on a commercial basis.

  • commercial fishing means to take, harvest, hold, transport, or off-load marine species for sale or intended sale (R.I. Gen. Laws § 20-1-3).

  • Commercial Sale means for a given product and country the sale for value of that product by a Party (or, as the case may be, by an Affiliate or permitted sublicensee of a Party), to a Third Party after regulatory approval (if necessary) has been obtained for such product in such country.

  • Commercial vehicle means a motor vehicle, trailer, or semitrailer used or

  • Manufacturing Facilities means facilities engaged in the mechanical or chemical transformation of materials or substances into new products and shall include:

  • agricultural products means the products listed in Annex I to the Treaty, with the exception of fishery products, as well as cotton;

  • Commercial area means an area in which at least 75% of the property is devoted

  • Agricultural product means the products listed in Annex I to the Treaty, except fishery and aquaculture products listed in Annex I to Regulation (EU) No 1379/2013 of the European Parliament and of the Council of 11 December 2013;

  • Manufacturing Facility means buildings and structures, including machinery and equipment, the primary purpose of which is or will be the manufacture of tangible goods or materials or the processing of such goods or materials by physical or chemical change.

  • pre-commercial procurement means the procurement of research and development services involving risk-benefit sharing under market conditions, and competitive development in phases, where there is a clear separation of the research and development services procured from the deployment of commercial volumes of end-products;

  • Commercial Development Plan means the written commercialization plan attached as Appendix E.

  • Commencement of Commercial Production means the first occurrence of Commercial Production in an Area.

  • Commercial Use means the use to which the material can commercially be put.

  • Commercial Services means any waste management service, relating or connected to accumulating, collecting, managing, recycling, sorting, storing, treating, transporting, disposing, buying or selling of waste or any other manner of handling waste excluding services rendered by the municipality;

  • Commercial Facility means the Commercial Facility made available under this Agreement as described in Clause 2.1 (Facility).

  • Commercial vessel means any vessel not owned and operated by the United States military or the United States Coast Guard.