Discover what a Line Slip is in health insurance. Learn how this broker-written document outlines prospective risks for underwriters and the fractions of risks they insure.
Discover how the livestock coverage form in property insurance protects farm animals. Learn about the specifics of this commercial form often attached to farm coverage.
Explore how livestock insurance provides financial support through lump sum benefits if your animals die due to specified perils. Secure your livestock investment with the right coverage.
Learn about the role and responsibilities of a local agent in general insurance. Understand how local agents operate within small territories and how they earn commissions.
Explore Long Term Care Insurance and how it provides daily benefits when insured individuals become residents in nursing homes. Ensure your healthcare financial security by understanding this crucial aspect of health insurance.
Explore the role of a Loss Prevention Engineer in liability insurance, including their contributions to reducing possible future claims and ensuring policy efficacy.
Understand the term 'malinger' in general insurance, where individuals misrepresent the severity of a disability to continue collecting benefits longer than necessary.
Explore the definition, scope, and legal requirements of mandated benefits in health insurance, including both state and federal regulations.
Learn about mandated providers in health insurance, which are healthcare providers whose services must be legally included in health plans. Understand the importance of these regulations for comprehensive health coverage.
Learn about Masonry Noncombustible Construction in property insurance, including its materials, structure, and benefits. Find out how using brick, concrete, and noncombustible materials can impact your insurance policy.
Explore the concept of mass merchandising in general insurance, where large groups like employees insure with the same company, remitting premiums in a lump sum. Learn about its benefits and implementation.
Discover what maturity value in life insurance means and how it affects the total amount paid to policyholders at the end of an endowment or after reaching a specified age.
Learn about Medicaid, a state-administered healthcare program funded by the federal government, designed to assist individuals who meet specific income and eligibility requirements in covering medical expenses.
Learn about Medicare supplement insurance, an essential adjunct that helps cover deductibles and co-payments not covered by Medicare. Explore how it works, what it covers, and how to choose the right plan for you.
Learn about the Modified Fee for Service model in health insurance, where reimbursements for actual procedure costs are made up to a specific maximum. Understand its impact on healthcare payments.
Discover what Monthly Debit Ordinary (MDO) policies entail in the context of life insurance. Learn how MDO premiums are collected and its similarities to industrial policies.
Discover how the Mortgage Holders Errors and Omissions Coverage Form protects mortgage holders from losses due to errors or omissions in commercial property insurance.
Learn about Multi Peril Crop Insurance, which offers coverage for crop loss due to weather conditions, insects, floods, and other named perils to safeguard your agricultural investments.
Discover how mutual atomic energy reinsurance pools work in liability insurance, focusing on coverage for private nuclear energy reactors. Learn the specifics of this specialized insurance type.
Learn about Mutual Benefit Association in general insurance, where members receive benefits through assessments instead of regular premiums.
Explore the definition of a mutual insurer, an incorporated insurer that operates for the benefit of its policyholders, offering them dividends without incorporated capital.
Learn about name schedule bonds (criminal), a fidelity bond that provides coverage for losses due to dishonesty by a specifically named employee. Essential for risk management.
Understand the concept of named perils in property insurance, which lists specific causes of loss that are covered on an insured property. Learn how this can affect your coverage.
Learn about Net Worth in Surety - Discover the margin by which a company's assets exceed its liabilities in the context of surety bonds and financial health.
Learn about nonadmitted assets in general insurance, which are assets not qualified to be listed on insurance statements due to not meeting state requirements. Discover examples like furniture and fixtures.
Learn what a nonadmitted insurer is, how they operate without proper licensing in certain jurisdictions, and what this means for policyholders looking for insurance coverage.
Learn about Noncancellable Health Insurance policies where the insured can maintain coverage by paying premiums, with guaranteed terms and unchangeable premiums.
Understand nonconfining sickness in health insurance, an illness that does not force the insured to remain indoors. Learn its definition and implications.
Learn about nonforfeitable benefits in pension plans, which are safeguarded entitlements that cannot be lost by the insured regardless of changes in employment status.
Understand what constitutes a noninsurable risk within general insurance terms. Discover why certain risks cannot be insured due to high probability of loss or inability to measure actuarially.
Understand the concept of Nonparticipating Provider Indemnity Benefits in Health Insurance, where coverage is provided for services by nonparticipating medical providers.
Learn about the important aspect of 'Notice of Loss' in general insurance terms, how and when to notify your insurer about a loss.
Learn about the Omnibus Budget Reconciliation Act (OBRA) and its impact on health insurance, specifically in extending COBRA continuation coverage for disabled individuals from 18 to 29 months.
Learn about Omnibus Risk in Property Insurance, specifically how having several tenants conducting different businesses in the same building can impact insurance coverage and risk management.
Learn about open policy in property insurance including its definition, how it's used for goods in transit, and the benefits it offers. Understand the specifics of liability limits and premium payments.
Learn about out-of-area health insurance coverage, which refers to treatment provided outside the usual geographic coverage area. Get insights into how it works and what to expect.
Learn about out-of-pocket costs in health insurance, including deductibles and prescription medication expenses. Discover how they impact your healthcare expenses.
Learn about outstanding premiums in general insurance, referring to premiums that are currently due but have not yet been paid. Understand the importance and implications of outstanding premiums in policy management.
Understanding Package Policy in insurance—Learn how an insurance policy that includes more than two different kinds of coverage can provide comprehensive protection for both personal and commercial requirements.
Learn the role and importance of a Participating Provider in Health Insurance, including their approval process in Medicare and how they are compensated.
Learn about the Period of Restoration in property insurance, which defines the duration your business income coverage policy will payout. This period starts from the date of loss and ends when property repairs should be completed.
Learn about Permanent Partial Disability, a condition where the insured is impaired but not totally incapacitated, enabling them to work in some capacity. Essential for understanding Health Insurance and Workers Compensation.
Learn about Permit Bonds (Surety), which promise adherence to laws governing specific activities for which a permit is issued. Understand their importance in regulatory compliance.
Discover everything you need to know about Personal Auto Policies, the most commonly sold auto insurance. Understand its significance, benefits, and how it differs from family auto insurance policies.
Discover how a personal effect floater in property insurance provides coverage for personal property carried by the insured while traveling. Learn more about specified risk or open peril policies.
Discover the significance of Physician’s Current Procedural Terminology (CPT) in health insurance. Learn how the AMA's manual standardizes the documentation of medical procedures and services.
Explore the Physicians and Surgeons’ Equipment Form which provides essential coverage for doctors' and dentists' office equipment, supplies, and furnishings.
Learn about portfolio runoff in reinsurance, a method where a portfolio is reinsured until all the ceded premiums are paid. Understand its significance and applications.
Learn about premises burglary (criminal) and how it is covered under commercial insurance policies. Discover the specifics of coverage for burglary committed on insured premises.
Understand the Premises Theft-Outside Robbery Coverage Form, which covers robberies occurring outside insured premises but typically excludes money or securities.
Explore the concept of Prevailing Charge in Health Insurance, which refers to the standard charge for a service in the insured's geographical area and its role in determining Medicare benefits.
Discover the significance of preventive care in health insurance, including examples like yearly mammograms and regular checkups, aimed at preventing illnesses.
Learn about the Primary Insurance Amount (PIA), a crucial calculation used to determine social security benefits. Understand its significance in estate planning.
Understand the probationary period in health insurance, a timeframe during which the insured is not yet covered but the policy is considered effective.
Understand the concept of professional partnership in general insurance, where two or more individuals collaborate to offer public services like health care.
Learn about prospective rating plans, which use past losses to establish future premiums in general insurance. Understand how this method helps evaluate risks and set accurate premium rates.
Understand how Public Employee’s Dishonesty Coverage protects against losses due to employee dishonesty, including the loss of money or securities.
Learn about pure endowment in life insurance, its benefits, and how payouts are contingent upon the policyholder's survival at the end of the period.
Understanding Pure Premium: The portion of the premium payment designated to cover probable losses in general insurance.
Learn about pure risk in general insurance, a type of risk where loss is the only foreseeable outcome. Explore how it impacts insurers and why it is not beneficial.
Explore the concept of pyramiding in liability insurance, where the limits of liability on multiple policies apply to the same loss, creating the effect of a higher aggregate amount of insurance.
Understand the Q Schedule in Life Insurance, a crucial compliance requirement in New York State, detailing the insurer's business expenses.
Explore what quasi-insurance institutions are, how they operate, and their role in the insurance industry. Learn about government-created entities that function like private insurance companies.
Discover the importance of Railroad Protective Liability (Liability Insurance), a specialized coverage for those operating on or near railroad property. Learn how it favors the railroad and why it's crucial for operators.
Learn about Railroad Travel Policies in health insurance, a unique form of travel accident insurance typically sold at railroad stations.
Learn about Rating Bureau in insurance, an organization that classifies rates and hazards by geographic area. Understand its role in the insurance industry.
Learn about recapture in reinsurance, a process where the ceding company reclaims previously transferred business from the reinsurer. Understand its importance and implications in the insurance industry.
Learn about red-lining in property insurance, a discriminatory practice that impacts insurability and rates based on location. Understand the implications and regulations surrounding it.
Learn about reinstatement in reinsurance, its importance in re-effecting catastrophe reinsurance policies that have already paid out, and how reinstatement premiums work.
Learn about renewable term life insurance, which allows policyholders to renew their term life policy without needing to provide evidence of insurability. Discover how this type of policy works and its benefits.
Learn about the concept of Replacement Cost in Property Insurance, which covers the amount needed to replace your property with new items without factoring in depreciation.
Learn about residual disability in health insurance, an important concept that covers the lingering partial disability after an insured person returns to work following a total disability.
Learn about the retrospective premium in general insurance, focusing on the last premium paid under a retrospective rating plan. Understand its significance and application.
Understand the concept of a revocable beneficiary in life insurance, including the ability to change or revoke this type of beneficiary designation.
Explore the intricacies of risk analysis in health insurance, where benefits and premiums are tailored to fit specific groups based on comprehensive analysis.
Learn about safe burglary, a specific type of burglary involving the unlawful removal of property from a locked safe. Explore its definition, characteristics, and legal implications.
Understand Safe Depository Coverage (Criminal) which protects businesses renting safe deposit boxes, including liability costs and direct loss coverage.
Learn about the role and importance of a secondary beneficiary in life insurance policies. Discover why it's essential for ensuring benefits if the primary beneficiary cannot collect.
Learn about shock loss in general insurance, a significant event that affects insurers or underwriting companies. Discover its impact and importance in the insurance industry.
Understand the concept of single carrier replacement in health insurance, where one insurance carrier replaces multiple carriers to simplify your coverage.
Learn about Social Health Maintenance Organizations (SHMOs), a Health and Human Services funded project combining adult day care, transcription, acute, and long-term care services.
Explore the concept of speculative risk in the context of general insurance—learn why such risks are not typically insurable and the implications for policyholders.
Learn all about Split Dollar Coverage, a common plan where the employer and employee share the costs of insurance premiums. Understand the variations and how the premium is divided based on the type of policy.
Learn about Split Dollar Plan in life insurance, a unique contract where both employer and employee share premium costs and benefits.
Learn about Statutory Accounting Principles (SAP), the legally mandated principles insurers must follow when preparing financial statements for state insurance departments.
Learn about step-rate premiums in health and life insurance, including how they increase at predetermined times and their connection with policy terms.
Learn about stock in property insurance, including materials in the manufacturing process and merchandise items for sale. Essential information for businesses and insurers.
Explore the essential aspects of stop-loss insurance, a type of reinsurance for health plans or employer-funded plans, designed to safeguard against substantial financial losses.
Learn about supplemental medical insurance, a voluntary program that covers physician’s costs and outpatient care, and how it is structured under Medicare Part B.
Learn what a syndicate in general insurance terms is, how a group of insurers collaborates to insure high-value items or properties, and the benefits of achieving better coverage through this method.
Temporary disability benefits provide financial support for employees who qualify due to non-occupational disabilities. Learn about your rights and coverage according to health insurance regulations.
Explore Thaisoi, an ancient Greek institution that laid the foundations for modern health insurance and life insurance. Delve into its historical impact and influence on today's insurance frameworks.
Learn about the theft, disappearance, and destruction coverage form (Criminal) in commercial crime insurance. Explore how this coverage protects against the loss of money or securities due to theft, disappearance, or destruction.
Learn about the role and rights of a third party beneficiary in insurance contracts. Understand how individuals not expressly named in a contract can still have legal rights.
Learn about the time of payment of claims provision in health insurance, which mandates that claims be paid immediately or within a specified number of days.
Learn about title insurance, a vital coverage for real property owners that safeguards against invalid ownership claims due to errors in title paperwork.
Discover the history and illegality of Tontine Policies in life insurance. Learn how these policies worked by paying dividends to surviving policyholders and why they were discontinued.
Learn about the term 'Transacting Insurance', which refers to the actual conducting of insurance business, including soliciting and negotiating contracts. Discover how this term varies depending on state laws.
Learn about travel accident insurance, a form of health insurance that covers losses due to accidents while traveling. Ensure your trips are safe and secure.
Learn about the trend factor in health insurance, a key element that accounts for increasing costs such as the inflation of doctor’s costs and healthcare services.
