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