Runoff Insurance

Runoff Insurance,

Runoff Insurance Meanings:

  1. Definition of Runoff Insurance: Recovery insurance is a provision of an insurance policy that includes claims against companies that have been acquired, merged or closed. Settlement insurance, also called settlement insurance, is provided by the acquiring company and the acquiring company is exempt from legal disputes against the directors and executive employees of the acquired company.

    • Parole refuses to sue companies in the process of obtaining insurance, or companies that are found or stopped working.
    • The compliance policy is valid for the period after which the policy is active and acts not as an event policy but as a rights policy.
    • The resolution's guidelines are in line with the requirements of the extension reporting period, except that these guidelines are not only valid for one year, but also for multi-purpose purposes.

Literal Meanings of Runoff Insurance


Meanings of Runoff:
  1. Competitions, elections, races, etc. After a tie or inconclusive result.

  2. Drainage of water (or substances carried into it) from the surface of a property, building or structure, etc.

Sentences of Runoff
  1. Only 49 votes were cast, then the second round will take place

  2. Rainfall / Rainfall Ratio


Meanings of Insurance:
  1. An exercise or agreement under which a company or government agency guarantees compensation for a particular loss, injury, illness or death in exchange for a premium.

Synonyms of Insurance

indemnity, indemnification, protection, financial protection, security, surety, cover, defence, safeguard, safety measure, shelter, precaution, provision, preventive measure, immunity