Define: Insurance In-Force
Insurance In-Force means the total of all active mortgage insurance policies on a specific date, based on the original mortgage balances and included premiums
Insurance In-Force means the total of all active mortgage insurance policies on a specific date, based on the original mortgage balances and included premiums.
Relevant Circumstances
- When mortgage insurers report on the total active insured loan book
- If financial covenants reference the size of the in-force portfolio
- Where regulators monitor insurance in force as a solvency indicator