Run-in cover

Inclusion of cover of amounts outstanding on buyers at the effective date of the policy or the date a credit limit applied for or established.
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Run off cover

Continuation of cover of risks, where the cover commenced before withdrawal of a credit limit or the expiry of a policy until payment or until the occurrence of a covered cause of loss.
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Risks Attaching policy

A policy under which cover attaches based on shipment dates and where the shipment date (but not necessarily the loss) must occur within the policy period. See also Claims Made policy, Losses occurring policy.
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Retained risk

The part of a loss which is not indemnified by the insurer and for which the insured must bear the loss without recourse to any other party.
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Renewal

The prolongation of a policy or a credit limit after expiry of their validity or after a specified period of time.
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