What does Boards and Bureaus mean? Read on to discover the definition & meaning of the term Boards and Bureaus - to help you better understand the language used in insurance policies.
Boards and Bureaus
As part of an insurer's acquisition expense, the amount of premium allocated to pay for participation in rating agencies and for filing policies for approval by regulators.
We hope the you have a better understanding of the meaning of Boards and Bureaus.