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An amount an Insurance company adds to the basic premium to Cover the Expense of securing and maintaining the business.

Related Terms: 7 Cover, Expense, ECU, Insurance, Ring, SEC, SIC

Other Related Pages: Category: Insurance Starting With: L

Additional Related Terms: Accrued expense, Accrual of discount, Amortization of premium, All or any part, Adjustable life insurance, Add-on service, Abstract of title, Action to quiet title, As is, Assignment to creditors