Home > Glossary

Controlled Master Insurance Program

Controlled Master Insurance Program

Definition

An insurance program for a multinational business wherein the coverage terms and conditions apply on a blanket basis to all of the insured's international operations. Local underlying policies are issued overseas to support the centralized program. Unlike global insurance programs, master insurance programs do not typically include the United States in their coverage territory; a separate domestic program is usually arranged for U.S. multinationals under this approach.

Related Products

Download Free IRMI Update White Paper
Contractual Risk Transfer
Quality Risk Management Fieldbook

Navigation

Social Media

User ID: Subscriber Status:Free