Commutation Agreement: What is the Meaning of Commutation Agreement?
Commutation Agreement refers to An agreement between a transfer insurer and a re-buyer that governs the examination, payment and full compliance of all obligations between the parties under a particular insurance agreement. It is used when the insurance company withdraws from entering the business category.
You can define Commutation Agreement as, An agreement between a transfer insurer and a property owner that governs the examination, payment and full compliance of all obligations between the parties under certain insurance agreements. It is used when the insurer refuses to enter the business category.
Literal Meanings of Commutation Agreement
Meanings of Commutation:
An act or action changes a court's decision.
The work of bending the electric current.
Ownership of changing relationships.
Sentences of Commutation
Change your sentence
The main switching element is provided to connect and disconnect the input voltage, and the synchronous switching element is provided to perform the synchronous switching of the load current.
Meanings of Agreement:
Harmony or agreement in opinion or sense of position or result of agreement.
Sentences of Agreement
The government has not reached an agreement
Synonyms of Agreement
sympathy, harmony, concurrence, accord, rapport, unity, accordance, unison, like-mindedness, consensus, concord