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good local standard

Good local standard is the policy wording that most insurers licensed to write coverage in the respective country would quote competitively to most local clients.

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good local standard

Good local standard is the policy wording that most insurers licensed to write coverage in the respective country would quote competitively to most local clients.

Additional Information


The standard is used in multinational insurance programs as assurance that the coverage placed on behalf of the multinational is at least the equivalent of what could be purchased locally with respect to coverage terms, conditions, and pricing.