Meaning of accommodation line | Babel Free

Definitions

A risky policy that is granted as a favor.

Examples

“He cited low rates on dwellings, long credit to agents, blanket policies, accommodation lines on notoriously poor risks, and rebates to the assured as among the crying evils which could not be reformed on account of the opposition of a few obstinate underwriters.”

“From your own experience if possible give examples of how the granting of accommodation lines can be included in underwriting guidelines.”

CEFR level