accommodation line

noun

accommodation line

noun
1

Business, Insurance A risky policy that is granted as a favor.

  • 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.1893, The Insurance Times, volume 26, page 623:
  • From your own experience if possible give examples of how the granting of accommodation lines can be included in underwriting guidelines.2010, Keith Purvis, English Insurance Texts: Words for the week, page 133:

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