Understand the Wedding Presents Floater, a temporary form of property insurance that provides coverage for wedding presents for a set period of time, ensuring your gifts are protected.
Learn about the role of an insurance adjuster, a professional responsible for investigating claims, determining liability, and assessing damages. Understand their duties, including interviews, property inspections, and record reviews.
Understand the concept of Written Business in Life Insurance, where coverage has been applied for but not yet started.
Discover the unique Wisconsin Life Fund, a state-sponsored life insurance plan offering coverage exclusively to citizens of Wisconsin. Learn how this exclusive program operates and its benefits.
Understand Yearly Renewable Term (YRT) life insurance policies and their renewability, along with its implications in reinsurance, where the reinsurer assumes only mortality risk.
Learn about the Z Table in life insurance, which presents mortality data from 1925 to 1934, and its significance in the insurance industry.
Discover the concept of absolute liability in general insurance, where individuals are held responsible for extremely dangerous actions regardless of negligence. Learn how this differs from other forms of liability and its implications on public policy.
Understanding what an admitted company is and how it is licensed to provide insurance in a particular state. Learn the regulations and benefits of choosing an admitted insurance provider.
Learn about the American Council of Life Insurance, an important association that helps insurance groups exchange information and stay updated on legislative matters.
Learn what annuities are, their role in providing annual payments or regular payments for a specific period. Discover how this agreement can be a valuable financial tool.
Learn about appurtenant structures in property insurance, which refer to secondary structures on the insured premises. Understand their implications for your insurance policy.
Explore what Assessable Insurance is, how it works, and its implications in the realm of General Insurance. Learn about the key aspects of first and second premiums.
Learn about the Assumed Interest Rate in immediate variable annuities, how it is calculated, and its impact on the insurer's determination of initial income payment.
Discover the importance of an Automatic Reinstatement Clause in Property Insurance. Learn how it helps restore your original policy limit after partial loss claims.
Understand the Basic Limits of Liability in general insurance, defining the minimum amount for which a liability policy can be written according to published rates or the law.
Explore the Beneficiary Clause in general insurance, allowing the insured to designate and change a beneficiary at any time. Learn its importance and implementation.
Learn about Blanket Bond (Criminal), a type of fidelity bond that provides coverage for losses due to dishonest acts committed by any employee.
Learn about the term 'Block of Policies' in general insurance. Understand what it means, its significance, and how insurance companies use it.
Learn about brokerage business in general insurance, where business is brought in by a broker to an insurance company. Understand the mechanisms and significance of brokerage business.
Learn about builder's risk coverage forms in property insurance, a specialized coverage for buildings under construction. Get complete insights into its importance and benefits.
Learn about business interruption in liability insurance, its definition, and how it affects the daily operations of a business due to unforeseen losses.
Learn about Business Life and Health Insurance, a crucial form of liability insurance that assists businesses in funding day-to-day operations if a key person is lost.
Learn about Business Owner’s Policy (BOP), which provides comprehensive liability and property coverage tailored for small businesses. Ideal guidance for securing your business assets.
Learn about Care, Custody, and Control (Liability), a category often excluded from liability insurance policies, and understand why these exclusions exist.
Discover the definition of 'Carrier' in general insurance terms. Learn why 'Insurer' is more commonly used and the distinctions between insurance carrier and transportation carrier.
Learn about catastrophe futures, a financial instrument that insurance companies use to safeguard against large-scale future losses. Discover how this tool helps in risk management.
Learn about the Certificate of Authority in health insurance, a state-issued certificate crucial for the licensing and operation of health maintenance organizations.
Learn about the definition and certification process for chronically ill individuals in the context of health insurance. Understand the requirements and who can provide certification.
Learn about the role of a claim agent in general insurance, their responsibilities, and how they assist in the claims process for insured losses.
Learn about the claim provision clause in general insurance terms, which outlines the necessary steps for submitting and managing insurance claims efficiently.
Understand the Clear Space Clause in Property Insurance and how it requires certain belongings to be stored at specified distances to minimize the risk of loss. Learn more about its significance and applications.
Discover the role of a coinsurer within an insurance policy, where the coinsurer shares in the loss. Learn more about general insurance terms and their significance.
Learn about Commercial Blanket Bond - a type of insurance providing blanket coverage for employees supplied by the employer. Discover its maximum loss limit and how it applies to any loss regardless of the number of involved employees.
Learn about commercial insurance companies, which are privately owned entities selling insurance for profit. Discover their role in the insurance industry.
Learn about Commercial Property Floaters in General Insurance, a way to insure businesses that operate from multiple locations, like food vendors at different events.
Understand the Commissioner's Standard Industrial Mortality Table, used to determine the nonforfeiture value for industrial life insurance policies. Learn its role and significance in life insurance.
Understand comprehensive glass insurance in property insurance. It covers glass breakage for almost any reason, ensuring full protection for incidents like the shattering of store windows.
Understanding the different forms of commercial crime coverage, from employee dishonesty to computer fraud and beyond.
Explore comprehensive insurance, a policy that protects against various non-collision circumstances like theft, fire, or vandalism. Learn about its benefits in vehicle insurance.
Explore the concept of Condition Subsequent, a vital stipulation in insurance policies that can render a contract invalid if a specified event occurs.
Learn about consequential loss in property insurance, including examples such as business interruptions and food spoilage due to power outages. Understand its definition and significance in indirect loss coverage.
Understand the role of a conservator in insurance: a court-appointed individual who directs and manages financially troubled insurance companies.
Learn about contingent commission in reinsurance, a commission based on the net profit from a reinsurance treaty, paid to the ceding company in addition to the usual commission.
Learn what a contingent fund is, its significance in general insurance, and how it safeguards against potential rare event losses.
Learn how continuation of health insurance allows former employees to maintain their health insurance coverage after leaving a job, and the conditions they must meet.
Understanding the control provision in life insurance policies, particularly how it provides control to someone other than the insured, usually noted in contracts for underage individuals.
Understand the cost contract between health care providers and the Health Care Financing Administration, ensuring the provision of services at reasonable costs for covered individuals.
Discover the significance of Countrywide Rates and how they impact commercial lines insurance premiums and rates across major divisions.
Explore the countrywide rules in general insurance including a comprehensive listing of rules and rating factors for each major division in the Commercial Lines Manual.
Understand the concept of Coverage Part in commercial insurance. Learn how it forms part of your commercial contract, either as a separate policy or attached to an existing one.
Learn about the credentialing process in health insurance, which endorses health care providers to participate in or provide care under health care plans.
Understand credit insurance, a vital policy that ensures your debts are handled if you die or become disabled. Learn how it protects your financial obligations in both life and health scenarios.
Understand the concept of cross purchase life insurance, where both parties in a business buyout agreement insure each other for seamless ownership transitions.
Learn the meaning of 'Decedent,' a synonym for deceased, and its relevance in general insurance terminology.
Understand the concept of Deductible Carryover Credit in health insurance. Charges from the last quarter of the year that are applied to the next year's deductible.
Understand what dental insurance is, how it works, and what services are typically covered under a group contract.
Understand the deposit administration group annuity, a type of group agreement that establishes a deposit account before retirement, from which annuities are purchased post-retirement.
Explore the concept of Deviated Rate in general insurance, a rate lower than the recommended benchmark, often used to provide competitive pricing.
Learn about deviation in general insurance terms, which refers to a rate that differs from the manual rate. Understand its implications and how it impacts insurance pricing.
Learn about Directors and Officers Liability Insurance, which protects leadership from liability claims due to alleged misjudgments and unjust acts.
Learn about the concept of discrimination in general insurance terms. Discover why the law prohibits the refusal to insure individuals with the same characteristics as others who have been insured.
Learn about Dread Disease Policy, a specialized health insurance that covers all medical costs associated with treating specific medical conditions listed in the policy.
Explore the conditions necessary for eligibility under group health insurance and pension plans. Understand the key factors that determine eligibility requirements for coverage.
Understand the concept of employee contribution in health insurance and pension plans. Learn how premiums and retirement deductions work.
Learn about the Employee Retirement Income Security Act (ERISA) related to life insurance, which outlines federal criteria concerning pension plans, including participation requirements, financial responsibility, and financing.
Learn about Employer’s Liability Coverage under Workers Compensation, part B of standard policies, which covers an employer's common law liability for employee injuries.
Learn about the Endorsement Extending Period of Indemnity in Property Insurance, including how it extends business interruption coverage to ensure adequate time for full recovery.
Learn about environmental restoration in annuity and legal terminology, focusing on compensation for destruction or damage to natural resources by motor carriers, including mitigating effects on humans, fish, and wildlife.
Learn about excess line brokers, who are licensed to deal with non-admitted insurers in their state, and their importance in the insurance industry.
Learn about the Excess Loss Premium Factor in workers compensation, a crucial element in retrospective rating formulas that limits large loss exposures for insurers.
Learn about expected morbidity in health insurance, which forecasts the anticipated frequency of illness or injury within a specific group, based on mortality tables.
Understand what an Expense Reimbursement Allowance is in the context of general insurance. Learn how this payment works in addition to set commissions for insurance agents.
Experience rating adjusts insurance premiums based on an individual risk's previous experiences, enhancing pricing accuracy and fairness. Understand its significance in the general insurance domain.
Learn about extended care facilities in health insurance, including their definition, role, and regulations under local and state laws.
Learn about extended coverage in property insurance, which offers protection against additional perils such as hail, riot, smoke damage, and windstorms.
Learn about Extended Non-Owner Liability in vehicle insurance, an attachment that offers coverage for driving vehicles not owned by the insured on a regular basis, including for business and profit transport purposes.
Learn about the concept of extra premium in general insurance. Discover why certain hazards may necessitate an additional charge beyond the regular premium rate.
Learn about the face amount in insurance contracts, which states the total coverage provided. Understand its importance and implications for your policy.
A Family Expense Policy in health insurance provides coverage for medical costs of all family members under a single plan, ensuring comprehensive healthcare for your loved ones.
Learn about the Farm Liability Coverage Form attached to farm insurance policies. It provides essential protection against bodily injury, property damage, and personal injury on your farm.
Learn about the Federal Employee’s Compensation Act, which mandates workers compensation benefits for civilians working for the federal government, operated by the government without involving insurers.
Learn about Federal Officials Bond (Surety), a vital insurance tool offering compensation to the government for losses resulting from dishonest employees. Understand its importance in ensuring integrity within federal operations.
Explore the Financial Responsibility Law in vehicle insurance, which mandates policyholders to demonstrate their ability to cover losses. Learn about state-specific requirements and how an insurance policy serves as evidence.
Explore FC&S Bulletins from the National Underwriter Company, offering detailed information on coverage and underwriting for various insurance policies in fire, casualty, and surety categories.
Understand the concept of flat commission in general insurance terms. Learn about the standard commission paid to insurance agents regardless of the policy sold.
Learn about Fleet Policy in Vehicle Insurance, a contract designed to provide coverage for multiple vehicles, typically five or more. Ideal for businesses managing several vehicles.
Understand how Floor Plan Insurance safeguards retailers’ merchandise used as loan collateral. Learn the benefits and coverage to protect against damages or loss.
Understanding Forfeitures in Pensions and General Insurance. Learn how relinquishing the right to future benefits impacts employer contributions.
Learn about the forgery or alteration coverage form in commercial crime insurance. Protect your financial instruments from forgery and unauthorized modifications to your accounts.
Learn about the foundation exclusion clause in property insurance policies. Understand how it impacts the calculation of total property value after a loss event.
Learn about fractional premiums in general insurance, a payment method where premiums are divided equally and paid at regular intervals such as quarterly.
Learn about the fully insured status clause within OASDHI, detailing eligibility requirements for social security retirement benefits.
Understand garage liability insurance, a crucial liability coverage specifically for garage owners or dealerships. Learn how it provides protection against property damage and bodily injury claims.
Explore the term 'Grantee' within real estate, focusing on its relevance and definition in the context of general insurance.
Explore the historical significance of the Gross Earnings Form in property insurance. Learn how it was used in business interruption coverage and why it has fallen out of favor.
Gross line refers to the maximum amount an insurer is willing to cover for a particular risk in general insurance. Learn how it impacts policy limits and risk management.
Understand ground coverage in aviation insurance, including protection for risks to the airplane body while not in flight or in motion, and the specifics of 'not in flight' and 'not in motion' clauses.
Explore the benefits and working mechanism of Group Ordinary Life Insurance, featuring equal premium issuance to groups. Ideal for understanding insurance policies related to pensions.
Explore group permanent life insurance, a form of group life insurance where policyholders can choose from various permanent life insurance plans. Understand the benefits and options available for comprehensive life insurance coverage.
Learn about Guaranteed Insurability in health and life insurance. Discover how this contract option allows you to purchase extra insurance without proving insurability again.
