A transaction in which new insurance coverage is to be purchased and an existing policy or contract is lapsed, forfeited, surrendered, partially surrendered or otherwise amended as a result of the transaction. (trustage.com)
Decrease the employer contributions by more than 5 percent from what they were on March 23, 2010; Provide new insurance coverage; or not renew the current benefit plan. (nar.realtor)
Imagine that a company named Generico Housing Insurance Inc. wants to build an ad campaign to promote its new insurance coverage for egg damage caused by bored teenagers. (entrepreneur.com)