保留是指计划承担风险，或承担被保险人通过使用免赔额，共付额或自我保险而造成的损失责任。
re·scis·sion
noun
FORMAL
- the revocation, cancellation, or repeal of a law, order, or agreement.Apparent authority (also known as perceived authority) is the appearance or the assumption of authority based on the actions, words, or deeds of the principal or because of circumstances the principal created.
PRUDENT PERSON RULEA standard that requires that a fiduciary entrusted with funds for investment may invest such funds only insecuritiesthat any reasonable individual interested in receiving a good return of income while preserving his or her capital would purchase.Historically known as the prudent or reasonable man rule, this standard does not mandate an individual to possess exceptional or uncanny investment skill. It requires only that a fiduciary exercise discretion and average intelligence in making investments that would be generally acceptable as sound.正义人士规则一项标准要求委托投资基金的受托人可以投资此类资金，这只会使任何有兴趣在保留其资本的同时获得良好收益的合理个人购买。这个标准在历史上被称为谨慎或合理的人规则，并不要求个人拥有特殊或不可思议的投资技巧。它只需要信托行使自由裁量权和平均情报来进行投资，这些投资通常可以接受为合理。Estoppel is a legal defense tool used when someone reneges on or contradicts a previous agreement or claim.
larceny.Embezzlement.Theft.Commingling.盗窃罪。侵占罪。盗窃。搀和。Subrogation is the act of one party claiming the legal rights of another that it has reimbursed for losses. Subrogation occurs in property/casualty insurance when a company pays one of its insured’s for damages, then makes its own claim against others who may have causedA
What is Surplus Lines. Often called the “safety valve” of the insurance industry, surplus lines insurers fill the need for coverage in the marketplace by insuring those risks that are declined by the standard underwriting and pricing processes of admitted insurance carriers.