Accommodation Line


Accommodation Line
An addition or change to a standard insurance contract. The change is suggested, or requested, by either the broker or the insured as an addition to the plan to fit their individual needs. In this type of agreement, the broker usually receives a higher commission (or bonus), the client receives greater coverage and the insurer maintains the business of a valued customer.

This type of addition is granted to the most highly valued of customers and brokers. It can be looked at as a kind of 'thank you for your level of business' from the insurer for the customers loyalty to their company. The cost of the addition to the insurer will be less than the cost assumed if the client takes his/her entire account to a competing compay.


Investment dictionary. . 2012.

Look at other dictionaries:

  • accommodation line — insurance that, by itself, would not be acceptable to an insurer but is written in connection with other policies as an accommodation to an agent or broker. [1825 35, Amer.] * * * …   Universalium

  • accommodation line — noun : an insurance policy issued on an unsatisfactory risk by a company that wishes to accommodate a particular agent or broker * * * insurance that, by itself, would not be acceptable to an insurer but is written in connection with other… …   Useful english dictionary

  • accommodation line — Insurance policies accepted by insurer because agent or brokers account in general is satisfactory, even though specific policy would otherwise likely not be acceptable …   Black's law dictionary

  • accommodation line — Insurance policies accepted by insurer because agent or brokers account in general is satisfactory, even though specific policy would otherwise likely not be acceptable …   Black's law dictionary

  • accommodation — /akomsdeyshan/ An arrangement or engagement made as a favor to another, not upon a consideration received. Something done to oblige, usually spoken of a loan of money or commercial paper; also a friendly agreement or composition of differences.… …   Black's law dictionary

  • accommodation — /akomsdeyshan/ An arrangement or engagement made as a favor to another, not upon a consideration received. Something done to oblige, usually spoken of a loan of money or commercial paper; also a friendly agreement or composition of differences.… …   Black's law dictionary

  • Accommodation (religion) — Accommodation is a theological principle linked to divine revelation within the Christian church. Also called condescension , the principle of Accommodation is that God, while being in his nature unknowable and unreachable, has nevertheless… …   Wikipedia

  • line — Synonyms and related words: DMZ, Indian file, L, MO, Spenserian stanza, WATS, WATS line, Zeitgeist, abut, accommodation, accompaniment, accord, accordance, aceldama, acknowledgment, acquiescence, acquire, action, activity, adaptation, adaption,… …   Moby Thesaurus

  • Accommodation —   Is said to have been granted to a customer when the financial institution agrees to lend money to a borrower despite the fact that at first sight the borrower:   May exceed normal borrowing limits,   Should be meeting the terms of an existing… …   International financial encyclopaedia

  • accommodation — Synonyms and related words: Wall Street loan, abatement of differences, about face, acclimation, acclimatization, accommodations, accord, accordance, accustoming, acquiescence, adaptation, adaption, adjustment, advance, advantage, agreement,… …   Moby Thesaurus