Long Duration Contracts contracts, excluding financial guaranty contracts, mortgage guaranty contracts and surety contracts, that fulfill both of the following conditions: (1) the contract term is greater than or equal to thirteen months and (2) the insurer can neither cancel nor increase the premium during the contract term. What is Long Duration Contracts , What does mean Long Duration Contracts , Insurance Guide, Insurance Glossary
Fire Legal Liability coverage for property loss liability as the result of separate negligent acts and/or omissions of the insured that allows a spreading fire... more