: The legal principle that insurance should restore the insured to the same financial position they were in prior to a loss, without providing a profit.
: The total amount of capital an insurance company has available to underwrite general coverage or specific risks. Dictionary of Insurance Terms
: A receipt for a premium payment that makes the policy effective from that date, provided the application is later approved. : The legal principle that insurance should restore
: The front page of a policy containing specific details like the name of the insured, address, policy period, and coverage limits. and coverage limits.