Learn about Personal Liability Supplement in liability insurance, a form attached to dwelling policies providing essential personal liability coverage.
Learn about Personal Property of Others, a key term in general insurance referring to property that does not belong to the insured named in the contract, excluding real estate.
Learn about policy dividends, how they are calculated, and what they signify in general insurance. Understand the benefits for policyholders.
Learn about Policyholder's Surplus in general insurance, the foundation that ensures insurers can meet future obligations and guarantee policyholder confidence.
Learn about the pollution liability extension endorsement, an important element in liability insurance that negates certain portions of the pollution exclusion.
Discover what a premium load, or front-end load, entails in life insurance. Learn how this fraction of the premium covers insurer expenses.
Learn about the presumption of agency, an agency relationship that is legally enforceable without a signed agreement, and its implications in general insurance.
Learn about prior authorization, a crucial technique in health insurance for minimizing costs by ensuring medical care is pre-approved before benefits are paid.
Learn what a Private Carrier in Property Insurance means, and how it differs from a common carrier. Explore the contractual obligations of transportation companies restricted to certain customers.
Learn what proceeds in life insurance entail, including the face value of a policy and any amounts to be paid out. Get clear, concise information tailored for policyholders.
Discover how Protection and Indemnity Insurance provides coverage for shipowners against negligence-related damages to crew or cargo. Learn about the scope and benefits of this specialized property insurance.
Learn about the concept of Removal in Property Insurance, an essential act of moving property to prevent loss or damage, covered by many property insurance policies.
Learn about the concept of renewals in general insurance, focusing on premiums paid toward a renewed policy. Understand how renewals work and their importance in maintaining continuous coverage.
Learn about securities in general insurance terms, including their definition as evidence of ownership of a stock, bond, or debt.
Learn about self inflicted injury in health insurance, its implications, and what it means for policy coverage and claims.
Learn about the standard provisions mandated by state law that are included in all life and health insurance policies. Discover how these provisions ensure consistency and compliance with regulations.
Learn about the concept of 'Target Risk' in general insurance, which encompasses the prospective policyholders divided by race, age, sex, and other demographics. Explore its importance in the insurance industry.
Learn about the Basic Mortality Table, a tool used in general insurance that lists actual ages of death without probability adjustments. Understand its importance and application.
Learn about the Business Income Coverage Form in Property Insurance, which provides coverage against losses due to property damage, including loss of business.
A comprehensive guide to the Cash Accumulation Method for comparing life insurance policies with identical death benefits, explaining how differences in premiums are accumulated with interest.
Learn about the concept of Degree of Risk in general insurance terms, representing the uncertainty and chance that reality may differ from predicted outcomes.
Explore the direct selling system in general insurance where insurers sell directly to the insured via employees. Learn about its methods including mail order services.
Learn about the entire contract clause in health and life insurance, which includes all parts of the agreement such as the application, endorsements, and conditions.
Learn about the General Agents and Managers Conference, an association affiliated with the National Association of Life Underwriters (NALU), comprising of distinguished agents and managers in the Health and Life Insurance sector.
Learn about the importance of the Identification Card in Health Insurance. This card is essential for identifying members of a health care plan and must be presented during medical services.
Learn about the insuring agreement section of an insurance policy, detailing coverage hazards, insured individuals, and contract duration.
Learn about the market value clause in property insurance, which ensures the insurer pays the market price of destroyed property. Ideal for manufacturers with finished products.
Learn about the Midi Tail in liability insurance, an extended reporting period for claims made after a policy's expiration. Get insights on its five-year extension and specific conditions.
Learn about the Ownership Provision in Life Insurance policies, which allows a policy to be owned by someone other than the insured individual.
Dive into the concept of the policy fee in life insurance. Learn about its historical significance, its function as a flat rate charge, and its impact on initial costs.
Learn about the obligor (also known as the surety or principal) in the context of insurance and legal obligations. Understand their responsibilities and significance.
Explore the Uniform Billing Code of 1992, a federal regulation that mandates the standardized itemization of hospital bills for services provided to patients.
Explore what Total Loss means in general insurance. Learn how it's defined and its implications on insurance claims when property is completely destroyed.
Learn what a Transition Program is in Commercial Liability Insurance, including how it limits adjustments to premium amounts due to changes in the rating base.
Learn about uninsured motorist’s coverage in vehicle insurance policies, designed to protect you from damages caused by drivers without insurance, including hit and run incidents.
Explore the concept of values in life insurance, specifically referring to nonforfeiture values, and understand their role in policyholder benefits.
Explore the concept of Waiver in Insurance and Legal Terminology, including its applications, definitions, and implications for contracts, liabilities, and privileges.
Understand the concept of unearned premium reserve in the context of general insurance. Learn about its significance and how it is represented on an insurer’s balance sheet.
Learn about unearned reinsurance premium, the portion of the premium related to the part of a policy that has been reinsured.
Learn about Unfair Claim Settlement Practices Law, which comprises multiple state-level laws designed to protect individuals during the insurance claims resolution process.
Learn about the function and significance of uniform forms in general insurance, including their standardization and usage by rating bureaus.
Learn about the Unsatisfied Judgment Fund in vehicle insurance, a legal mechanism to aid individuals injured in car accidents who cannot collect compensation from the responsible party.
Understanding Vandalism and Malicious Mischief (VMM) in Property Insurance: Coverage, Definition, and Protection against intentional damage.
Learn what it means when an insurance policy is void and no longer enforceable. Understand the legal implications and scenarios where this might occur.
Learn about the Waiver of Coinsurance clause in property insurance, which states that the coinsurance requirement will not be considered in effect.
Learn about Wave Damage Insurance, a type of property insurance that covers damage caused by waves or tides. Understand the benefits and importance of this insurance coverage in protecting your property.
Understand the concept of fee maximum in health insurance, which refers to the maximum fee available to a health care professional for a service provided under a contract.
Discover what General Liability Insurance is, why business owners need it, and what it typically covers. Learn about liability coverage for bodily injury on property or product-related losses.
Explore the benefits of whole life insurance, a policy that remains valid through a person's lifetime, featuring a nonforfeiture value and flexible payout options.
Learn about Widow/Widowers Benefit under pension plans, how social security provides support to surviving spouses, and eligibility criteria for these benefits.
Learn about Workers Compensation Catastrophe Policies in reinsurance, a critical excess of loss coverage that primary insurers use to safeguard against unlimited medical and compensation liability.
Learn about the term 'X table' in general insurance, a table in progress that is not yet fit for rating purposes. Understand its role and significance.
Discover the Automatic Premium Loan Provision in life insurance policies. Learn how unpaid premiums are handled with a loan from the policy's cash value.
Learn all about the Civilian Health and Medical Program of the Uniformed Services (CHAMPUS), the former health insurance program for military families, including its coverage of mandatory care and services.
Explore the cost of living rider in life insurance policies, which adjusts benefits according to changes in the Consumer Price Index, ensuring your coverage keeps pace with inflation.
Learn about the concept of the expectation of life in life insurance, which estimates the remaining years for a person of a certain age using a mortality table.
Discover what first party insurance entails, how it safeguards policyholders by covering their property or self, and why it's crucial in risk management.
Learn about Garage Keepers’ Legal Liability Insurance, which offers protection to garage owners against liability for damages to vehicles in their care or custody.
Discover the benefits of home service insurance, a life insurance policy of smaller value typically ranging from $10,000 to $15,000. Learn how these policies offer convenient payment options such as bank drafts or checks sent by mail.
Learn about homeowners policy, a vital insurance that covers hazards for homeowners and renters, ensuring protection for the homeowner and the home. Discover the key aspects of this vital property and liability insurance.
Discover the significance of improvements and betterments in property insurance, and understand how tenant modifications can increase the value of leased buildings.
Learn about the definition of an in-patient, an individual admitted to a hospital or healthcare facility as a patient in residence, in the context of general insurance.
Discover everything you need to know about individual life insurance policies. Learn how it covers a single insured and its benefits.
Discover how leasehold interest coverage form in property insurance protects commercial property leaseholders against financial losses from property damage due to specified perils.
Explore the comprehensive benefits available for those unable to work due to a disability, including both current and future income loss.
Discover how managed care health insurance plans work, their benefits, and the methods they use to manage healthcare expenses for employers and employees.
Understand the concept of Net Line in reinsurance, referring to the insurance amount retained by the original insurer and its implications on risk management.
Learn about presumptive disability in health insurance, a condition assumed to be permanent and total, which includes severe impairments such as loss of vision, hearing, or multiple limbs. Understand eligibility and benefits for policyholders.
Learn about the Rehabilitation Clause in health insurance policies, a provision that offers vocational rehabilitation support to policyholders. Ensure your policy includes this crucial benefit.
Learn about the role of a reinsurer in the insurance industry and how reinsurance works to distribute risk among insurance companies.
Learn about 'Salvage' in general insurance, where insurers take over property to minimize losses and understand its role in the insurance industry.
Understand Sickness Insurance, also known as Health Insurance, which covers losses caused by illness or disease. Learn about its benefits, coverages, and considerations.
Discover the role of a Third Party Administrator (TPA) in administrating life and health insurance policies for employers. Learn how TPAs facilitate communication between employers and insurers, process claims, and determine eligibility.
Explore the essentials of business and personal property coverage forms, which provide crucial protection for buildings and the property contained within them.
Explore the fundamentals of commercial health insurance, which includes both medical costs and disability benefits, along with renewal provisions and specific benefits.
Learn about Endowment Insurance, a type of life insurance that promises a payout to the insured at the end of a specified period or to their beneficiary in the event of death during that period.
Explore what constitutes farm personal property within property insurance, including exclusions like livestock, grain, and harvest equipment.
Discover the essential details of a health benefits package in health insurance, including the benefits offered to policyholders and how it impacts healthcare coverage.
Learn about hospital benefits in health insurance, which cover costs incurred during hospital visits, including room expenses and additional charges.
Learn about the policy period in general insurance, which defines the duration for which your insurance coverage remains valid.
Learn the definition of Protection in general insurance terms and how it relates to coverage and neighborhood fire safety resources.
Learn about retaliatory law and how it affects insurance agents applying for licenses across different states. Discover the implications and benefits of this legal provision.
Explore the essentials of Robbery and Safe Burglary Coverage Form within commercial crime insurance, including the specifics of Form D and Form Q.
Learn about the definition and implications of sublimits in general insurance policies. Discover how sublimits function and what they mean for policyholders.
Learn about the out-of-pocket limit in health insurance, a critical factor that determines the maximum coinsurance you have to pay before your insurer covers all expenses. Find out how it affects your policy and overall costs.
Learn about the term 'Member' used in health insurance and pensions, describing individuals covered under a health plan or qualified employees in a pension plan.
Learn about Evidence of Insurability in health and life insurance. Understand the importance of health facts required for underwriting, including medical physicals.
Learn about the coinsurance plan of reinsurance, a form of reinsurance where insurance companies transfer a segment of a life insurance policy to a reinsurer who then shares in the death benefit payments.
Learn about excess per risk reinsurance, a type of reinsurance that protects the ceding company against losses exceeding a specific retention amount for each individual occurrence.
Understand the Farm Property Coverage Form, which provides farm coverage for residences, household property, and farm buildings. Learn essential details to secure your agricultural assets.
Learn about Jewelry Floaters in Property Insurance, a policy that fully covers specified jewelry against all risks, ensuring peace of mind.
Learn how maps are used in property insurance to locate geographical risks, assess their character, and track policy distribution to prevent catastrophic losses.
Learn about Motor Truck Cargo Policy - Carriers Form, which grants indemnity to truckers for loss or damage to the property they are transporting. Understand the importance of this mandatory coverage.
Learn about the multiple indemnity clause in life insurance policies, which ensures multiplied benefits if the peril occurs in a specified way, such as double indemnity in case of arson.
Learn about Ordinary Construction in property insurance, including building characteristics, structural details, and implications for fire risk and insurance coverage.
Understand the concept of Per Stirpes distribution in life insurance, which ensures property inheritance through a beneficiary's heirs if the beneficiary predeceases the insured.
Understand Permanent Total Disability in health insurance, a condition where the insured is unable to work for the rest of their life due to severe disability. Learn more about the implications and coverage.
Learn about Preauthorization Check Plan in Life Insurance where premiums are paid through a monthly pre-authorized bank draft for easy and convenient payments.
Understand what Proof of Loss means in general insurance terms. Learn how insurers use the insured's statements to determine liability for the loss.
Learn about the aggregate annual deductible in general insurance, a sum that applies for the entire year, ensuring you have all the necessary information to manage your insurance policies effectively.
