An endorsement is a form that can change or add to an insurance policy. A return premium endorsement is filed if there is a change to the policy that decreases the coverage. It is an endorsement for the amount due the insured if the actual cost of a policy is less than what the insured has previously paid. This can happen if the limits are reduced, the estimated exposure at inception is greater than the audited exposure, or the policy is canceled.

An endorsement is a form that can change or add to an insurance policy. A reinstatement endorsement is filed to reinstate a policy that has expired without a lapse in coverage.

An endorsement is a form that can change or add to an insurance policy. Audit endorsements apply to policies written based on projected values, such as, projected sales and payroll

An non-admitted carrier is not required to be licensed by the state, but is allowed to do business in that state. Sometimes, non-admitted carriers are also referred to as E&S or unlicensed carriers. However, E&S carriers are financially stable companies that are regulated in other ways. 

An admitted carrier is an insurance company that has received a license from the state department of insurance for the authority to write specific lines of insurance. Sometimes they are referred to as a standard carrier.

A declaration page is the front page(s) of a policy. It specifies the named insured, address, policy period, location of premises, policy limits, and other key information that varies from insured to insured. The declarations page is also known as the information page. It is often informally referred to as the “Dec” or “Dec page.”