Page 72 - Commercial - Underwriting Mandates & Guidelines Binder
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f) Reduction/reinstatement of sum insured
g) Retroactive cover – no previous insurance in force
h) Superseded insurance
i) Additional claims preparation cost
Annual Monthly
10% of basic premium
20% of basic premium
20% of basic premium 50% of the underlying base rate
As per policy wording
R2 500 R210
Fidelity Guarantee
Optional Extensions
Description
Rate
Excess
Minimum section premium
70
Commercial Underwriting Mandates and Guidelines – Binder – Version 4 2022
