Explore the concept of block limits in property insurance, understanding the maximum amount an insurance company will write on a specific city block and its impacts.
Learn about the Broad Evidence Rule in Property Insurance. Understand how different types of evidence are used to assess the actual cash value of lost property.
Discover the role of a Bureau Insurer in the insurance industry, and how joining a rating bureau aids companies with limited experience in specific risk types.
Learn about the Business Automobile Policy, a comprehensive insurance covering commercial automobiles against damage and liability. Discover how it has evolved into the business auto coverage form in most areas.
Discover what it means to cash out vested benefits in general insurance. Learn how employees can take money out of their vested benefits.
Understand the impact of cash withdrawals on life insurance policies and employee benefit plans. Learn how these withdrawals affect the total death benefit and potential forfeitures in employer-purchased benefits.
Learn about the concept of 'ceding' in reinsurance, which involves transferring insurance or reinsurance from an insurer to a reinsurer. Understand its significance and application in the insurance industry.
Discover the meaning of Cestui Que Vie, a crucial insurance term referring to the person whose life measures the duration of a trust, gift, estate, or insurance contract.
Learn about claim expense in general insurance terms, which includes costs beyond the actual claim, such as administrative fees and legal costs associated with paying a claim.
Learn about Claims Made Basis Liability Coverage, a type of liability insurance where claims submitted during the policy term are covered, even if the event causing the claim occurred outside the term.
Understand what collection commission in life insurance is and how it benefits agents. Learn about the portion of premiums paid to agents collecting debt insurance premiums.
Learn about combination plans in life insurance, a strategy that integrates life insurance with a side or auxiliary fund to enhance future pensions or annuities.
Understand commercial lines, a crucial aspect of general insurance sold to businesses and commercial entities. Learn how these policies protect your business.
Learn about the Commissioner’s Standard Ordinary Mortality Table, a critical tool used in life insurance to calculate the nonforfeiture value due to policyholders.
Discover the intricacies of the compensating balances plan. Learn how businesses pay premiums, and how the insurance company manages these funds for withdrawals.
Learn about compensatory damages in insurance, where damages are awarded to insured individuals for losses or injuries suffered, including mental and physical suffering, lost time, or expenses.
Understand the concept of composite rate in vehicle and liability insurance. A composite rate is a single rate for coverage against various perils, streamlining the premium calculation process.
Discover comprehensive business property and liability insurance. Protect your business-owned properties from damage, fire, or vandalism while covering bodily injury and damage to others' property.
Explore the benefits of Comprehensive Health Insurance, which provides total coverage for health care-related charges, applicable after deductibles and co-insurance for hospital or physician's office visits.
Learn about the importance of meeting policy conditions in general insurance. Understand how actions like paying premiums on time help in retaining policy validity and ensuring claims are paid.
Learn about the conditional terms in general insurance that outline the necessary provisions to keep your policy valid. Understand how these conditions affect your coverage and what you need to ensure ongoing validity.
Understand construction insurance, a specialized property insurance that provides coverage for damage or destruction of a building while it is under construction.
Learn about continuous premium whole life insurance, which spreads premium payments throughout the insured's life, up to age 100. Understand its benefits, structure, and more.
Explore the fundamentals of a contract of insurance, where the insurer agrees to provide benefits or services to the insured. Understand its legal significance and key components.
Learn about the contract year in health insurance, which spans from the effective date to the expiration date. Discover how this period affects your coverage.
Learn about controlled business in the insurance sector, where policies are sold to family and friends. Understand state limitations and its implications.
Learn about convertible life insurance, a type of policy that allows you to convert your term life insurance into a permanent policy. Explore its benefits and why it might be a strategic choice for your insurance needs.
Learn about the cost of insurance charge in life insurance, also known as the mortality charge. Discover how this fee impacts your life insurance policy and its pure insurance protection element.
Learn about the cost of living benefit in health insurance, which ensures that disability benefits increase after 12 months and annually thereafter to keep up with inflation.
Understand credit card insurance under homeowner's policy and its significance in protecting your finances against fraudulent credit card use.
Credit Life Insurance is a policy that safeguards creditors if the insured dies before fully paying off a debt. Learn more about this essential life insurance option.
Learn about the customary charge, the average cost of medical procedures used to determine Medicare benefits, and its impact on health insurance.
Learn about the Debris Removal Clause in property insurance which ensures reimbursement for cleanup expenses from insured losses.
Explore the benefits and workings of Deferred Group Annuities, a group annuity contract that enables annual purchases of deferred annuities, ensuring retirement income.
Discover what a deficiency reserve in life insurance means, including when it is required on a balance sheet if the premium charged is less than the net premium reserve.
Learn what 'Dependent' means in general insurance terms. Discover how dependents affect policies and the role they play in insurance coverage.
Learn about dependent life insurance, a group life insurance benefit that provides death protection to the dependents of an employee covered under the plan.
Learn about depository bonds (surety), which promise that government deposits made to a bank will not experience loss, ensuring financial security and compliance.
Learn about Depreciation Insurance in Property Insurance, which offers the replacement value of damaged items without deducting depreciation, ensuring complete coverage.
Explore the concept of discharge planning in health insurance, a critical process that involves creating a tailored treatment plan for patients after their release from inpatient care. Discover its importance and impact on patient outcomes.
Learn about dismemberment in health insurance, the loss of specific body parts or their use due to accidental injury and its impact on coverage.
Learn about the dividend accumulation option in life insurance policies, which allows policyholders to accumulate dividends with the insurer and earn compound interest.
Discover how double indemnity in health and life insurance works. Learn when twice the policy value is paid out in cases of accidental death or specific situations.
Understand the Drive Other Car Endorsement in vehicle insurance, an extra form of coverage that offers protection while driving non-owned cars.
Learn about the Dual Choice in Health Insurance, a federal regulation requiring certain employers to offer both an indemnity plan and an HMO. Applicable to employers with 25+ employees, paying minimum wage or more, offering health care coverage, and a federally certified HMO available in the area.
Discover the key details about Earnings Insurance, a type of business interruption insurance without a coinsurance clause, designed specifically for smaller risks.
Learn about easements in property insurance, which grant a right to make use of land belonging to another person. Understand how these rights impact property ownership and insurance.
Learn about the term 'Eligible Employee' in health insurance, who qualifies, and the available group policy benefits. Understand what makes an employee eligible for health insurance benefits.
Learn about Employee Pension Benefit Plans, employer-created programs offering retirement benefits or deferred income until termination. Understand the key aspects and benefits.
Learn about the entry date into claims made liability policies, which establishes the maturity of the policy effective date. Essential knowledge for insurance professionals.
Understand the Errors and Omissions Clause in reinsurance, ensuring that minor errors or omissions do not invalidate the reinsurer's liability.
Learn about the term Excess Limit (Liability), which refers to the additional coverage provided by a policy that exceeds the basic limit. Discover its significance in secondary policies and liability protection.
Explore the concept of Excess of Loss Reinsurance, a crucial mechanism in the insurance industry that protects insurers from large-scale losses and financial risks.
Learn about exclusion riders in general insurance, attachments that eliminate coverage for certain hazards. Discover how they affect your insurance policy.
Learn about Exclusive Provider Organization (EPO) health insurance plans. Discover how EPOs operate with primary care doctors and provider referrals.
Learn about exhibitions insurance, a type of property insurance that safeguards your property displayed at public exhibitions against damage.
Learn about the concept of expense allowance in general insurance, which refers to payments made to insurance agents in addition to their set commissions.
Learn about expense constants in general insurance terms. Discover why these charges are added to premiums, especially in workers' compensation policies.
Learn about the concept of the expiration file in general insurance, which is a notation kept by agents or salespeople indicating the day on which insurance policies expire.
Learn about the expiration notice in general insurance, which provides insured individuals with alerts about the upcoming expiration of their insurance policies.
Understand the concept of express authority in general insurance, wherein the insurer grants authority to the agent through an agency agreement.
Learn about Extended Term Insurance in Life Insurance, a clause under many policies that allows for the continuation of existing insurance based on the contract's cash value.
Learn about Extension of Benefits in Health Insurance, a critical policy condition that offers extended coverage for non-working employees or hospitalized dependents.
Learn about the Face of a life insurance policy which is typically the first page detailing essential information and terms. Understand its components and significance.
Explore facultative reinsurance, a type of reinsurance where the reinsurer can accept or reject individual policies presented by the insurer. Learn how it works and its benefits.
Understand how a Farmers-Ranch Owner’s Policy offers tailored coverage for farm residences, barns, stables, and more, making it a superior option compared to standard homeowners insurance.
Learn about the Federal Crime Insurance Program administered by the U.S. government, helping individuals and businesses secure crime insurance when it is otherwise unavailable. Covering residential and commercial risks in various states.
Learn about Federal Qualification by the Health Care Financing Administration and its importance for HMOs in ensuring quality health services.
Learn about the term 'Field' in general insurance. Discover how it categorizes insurance types like health insurance and refers to regions served by agents.
Discover how fire maps are utilized in property insurance to visualize covered risks and avoid catastrophic losses. Learn about the importance and utility of these maps for insurers.
Understand the flat maternity benefit in health insurance, a provision that covers all hospital costs associated with maternity care, regardless of the stay's cost.
Learn about flexible premium policies in life insurance, which allow policyholders to modify the amount and scheduling of their premium payments for better financial management.
Learn about Flood Insurance, a crucial part of property insurance that compensates homeowners for losses and damages caused by flooding. Discover its benefits and how it protects your investments.
Learn about the following form in property insurance, a type of policy written in exactly the same terms as other property insurance policies covering a piece of property.
Understand franchise deductible in general insurance. Learn how it impacts coverage, claims, and what it means for your insurance policies.
Learn about free standing emergency medical service centers, also known as urgent care centers, and their importance in providing emergency medical attention in the health insurance landscape.
Learn about Full Preliminary Term Reserve Valuation in Life Insurance, a policy stipulation where reserves are not mandatory in the first year and adjusted in following years.
Discover the General Agency System in life insurance, where general agents play a pivotal role in selling policies. Learn how this system operates and its advantages.
Learn about graded death benefits in life insurance policies, commonly seen in children's policies. Discover how the benefit amount increases over time and what it means for policyholders and their families.
Learn about the grading schedule used by the National Board of Fire Underwriters to determine a city's fire rating. Understand the factors that influence these ratings in property insurance.
Discover the essentials of group health insurance, including hospital stays, medical examinations, treatments, and doctors' fees. Learn about mandatory deductibles and coinsurance payments.
Learn about Guaranteed Standard Issue in health insurance, a group plan that ensures coverage for all policyholders regardless of their medical history.
Learn about the guideline premium in life insurance, which is the highest premium permitted by the IRS under a policy classified as a life insurance policy. Understand its implications and importance in maintaining the tax-advantaged status of a life insurance policy.
Learn about home health care, a service provided at a patient's home by nurses, health care aides, or therapists. Discover how this part-time care option can benefit patients and their families.
Understand incurred expenses in general insurance, which refer to costs that have been accrued but not yet paid. Learn about their significance in insurance claim handling and financial reporting.
Understand the term 'Indemnify' in general insurance as the act of returning a policyholder to their pre-loss condition. Learn its importance and application.
Learn about the role of an indemnitor in general insurance terms, where an individual or company agrees to assume obligations normally placed on a surety if the person bonded defaults.
Discover the essentials of Industrial Life Insurance, including its unique coverage amounts of less than $1,000 and the regular premium collection schedules.
Learn about the role and importance of inspection bureaus in liability and property insurance. Understand how these groups investigate exposures and establish insurance rates.
Learn about installment refund annuities, a type of annuity that ensures benefit payments until the equivalent of the purchase price is paid out. Essential information for financial planning.
Learn about the role of an Insurance Examiner, who administers the examining and auditing of insurers as a representative of the state's insurance department.
Discover the prestigious Insurance Hall of Fame, an organization dedicated to recognizing individuals for their exceptional contributions to the insurance industry.
Understand the importance of the Interstate Commerce Commission Endorsement in Property Insurance, which guarantees insurance for cargo losses and is mandatory for interstate motor carriers. Learn about its essential details and requirements.
Understanding the concept of an investment reserve within general insurance, which is crucial for managing reductions in the value of an insurance company's owned securities.
Learn about the designation of an irrevocable beneficiary in life insurance and the importance of obtaining consent to make changes.
Understand the term 'Item' in general insurance—a reference to individual pieces of property covered by a policy or a schedule listing all insured property.
Learn about the Joint Underwriting Association, a collective of insurance companies providing specific insurance types, funded through premiums and assessments.
Learn about Key Employee Insurance and its significance in health and life insurance, ensuring continuity and financial protection for businesses against the loss of key personnel.
Understand legal expense insurance, a type of liability insurance that covers legal services for policyholders as per a defined schedule. Discover its benefits, how it works, and why you might need it.
Understand the lessee’s safe deposit box coverage form in insurance. Learn about how it covers the loss of items stored in safe deposit boxes at depository facilities and the exclusions of the policy, including the non-coverage of money.
