confiscation, expropriation, nationalization, and deprivation insurance (CEND)
Confiscation, expropriation, nationalization (CEN), and deprivation (CEND) insurance is political risk coverage for businesses with an ownership interest in property abroad to cover loss from government nationalization of the property or other action by the government that effectively deprives the insured of the property or restricts its operations.
Additional Information
Coverage may be structured to insure such current assets as bank accounts, intercompany or bank loans, accounts receivable, inventory, retained earnings, supplies, and work in progress. Deprivation coverage, which insures against the risk of a government action preventing use of the asset (such as denying a permit to run a plant), can be added to the basic CEN policy.
