What does Cash Before Cover mean? Read on to discover the definition & meaning of the term Cash Before Cover - to help you better understand the language used in insurance policies.
Cash Before Cover
In reference to multinational insurance programs, a regulatory requirement found in particular countries whereby insurers will not guarantee any coverage until all related premium payments have been received from the insured. China, Taiwan, and Nigeria are all cash before cover jurisdictions.
We hope the you have a better understanding of the meaning of Cash Before Cover.