Glossary entry

English term or phrase:

automatic reinstatement of loss clause

Malay translation:

fasal pemulihan nilai kerugian automatik

Added to glossary by satubahasa
May 1, 2005 20:14
19 yrs ago
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English term

automatic reinstatement of loss clause

English to Malay Bus/Financial Insurance
Automatic reinstatement of loss clause: In consideration of the insured undertaking to pay an additional premium at the agreed rate on the amount of loss calculated on a pro-rata basis from the date of such loss to the expiry of the current period of insurance, it is agreed that in the event of loss the insurance hereunder shall be maintained in force for the full sum insured.

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