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Manager
In reinsurance, any person, partnership or corporation representing an insurer or reinsurer and underwriting for the insurer's or reinsurer's account.
MFL (Maximum Foreseeable Loss)
The anticipated maximum property fire loss that could result given unusual or the worst circumstances with respect to the non-functioning of protection features (firewalls, sprinklers, a responsive fire department, ...), as opposed to PML (Probable Maximum Loss), which would be a similar valuation, but under the assumption that such protective features function normally.
Minimum Premium
The least premium charge applicable, frequently used in excess of loss reinsurance contracts or catastrophe covers which contain a provision that the final adjusted premium may not be less than a stated amount.
Mortgage Endorsement
Another name for Guarantee Endorsement.