Full Signed Line

When an insurer accepts a line on a slip this is called his written line. It frequently occurs that the broker over-places the insurance, whereby the total of the lines he receives exceeds the amount of the insurance required. This is accepted market practice but it means that when the insurance is finally closed (or signed) each insurers written line must be reduced in proportion so that the total of the lines agrees with exactly the amount of insurance required. The line so arrived at is called the "full signed linen. An insurer may use the expression "full signed linen manner both terms means the same because ultimately the full written line will be reduced to the full signed line when the reinsurance is closed. In cargo insurance, a further reason for reducing the written line to a lower amount when signing occurs is when the value which is subsequently shipped is less than the value contemplated by the insurance.

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Policy Detective is a UK company for UK customers. We help you to track-down the Administrators for policies which you or your loved ones may have in the bureau or the attic. You never know how much money there could be in that old policy. It's not easy to find this information, as companies through time are taken-over, merge with other companies and even change their names. We can help you find the company which now deals with your policy. Some companies even allow us to check the status of your policy.