| Labor and Material Bond |
A bond given by a contractor to guarantee payment to specific laborers and suppliers for the labor a... |
| Landlords Protective Liability |
If an owner of a property leases the entire premises to others who assume full control, the chance o... |
| Lapse |
The termination of a policy for nonpayment of premium, used commonly in life insurance. If the insur... |
| Lapse Ratio |
A ratio based on the number of policies that were allowed to lapse during a specified period of time... |
| Larceny |
Theft of personal property; modern criminal laws include obtaining property under false pretenses an... |
| Large Deductible Plans |
An arrangement in which the insurer pays the entire loss and the insured is then obligated to pay a ... |
| Large Risk |
An object of insurance, the loss of which would seriously affect the operating results of the insure... |
| Laser Beam Endorsements |
A type of endorsement that may be attached to the claims-made version of the commercial general liab... |
| Laser Devices |
As it relates to business or personal auto coverage, it is defined as equipment designed to detect o... |
| Laser Endorsement |
A type of endorsement that may be attached to the claims-made version of the commercial general liab... |
