Resumption of Operations Clause
Barron's Insurance Dictionary:
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Resumption of Operations Clause
In a business interruption insurance policy, clause that stipulates that if, by resuming operations, the business can reduce a loss, the business is obligated to so do. If the business refuses to resume operations, it will incur a portion of the loss.
| Restrictive Executive Bonus Arrangement, Restoration of Vested Benefits, Restoration of Plan | |
| Retail Credit Report, Retained Asset Services (RAS), Retained Earnings |
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Barron's Insurance Dictionary
Dictionary of Insurance Terms. Copyright © 2008 by Barron's Educational Series, Inc. All rights reserved.
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