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Offer and Acceptance

The offer constitutes the prospective insured's submission of an application, accompanied by the first premium, to an insurer; the acceptance takes place when the insurer issues the insurance policy.








Insurance Industry News from ProgramBusiness.com

New Policy Forms for Contractor ProgramStorefront Owner Victor O. Schinnerer's Contractor's Program recently released new 2004 editions of its three policy forms: a stand-alone professional liability policy, a stand-alone pollution incident policy and a combined professional and pollution liability form. For more details on our new policies, visit our Storefront:
http://www.programbusiness.com/tracking/sftracker.asp?SFid=265.
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