A rider waiving (excluding) liability for a stated cause of injury or sickness. A provision or rider agreeing to waive premium payments during a period of disability of the insured. The act of giving up or surrendering a right or privilege that is known to exist. In Property and Liability fields, it may be effected by an agent, adjuster, company, employee, or company official, and it can be done either orally or in writing.

Written Premiums

The total premiums on all policies written by an insurer during a specified period of time, regardless of what portions have been earned. Contrast with Earned Premium.