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 unearned reinsurance premium, the portion of the premium related to the part of a policy that has been reinsured.
Learn about the function and significance of uniform forms in general insurance, including their standardization and usage by rating bureaus.
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.
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.
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.
Discover the benefits of Wrap-Up Liability Insurance, a plan designed to cover all liability risks for large amounts, typically tailored for extensive projects or multiple contractors.
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.
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.
Discover what first party insurance entails, how it safeguards policyholders by covering their property or self, and why it's crucial in risk management.
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.
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 the reduction of risk in the context of general insurance. Understand the importance of precautionary measures in minimizing the likelihood or severity of potential losses.
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.
Explore the essentials of business and personal property coverage forms, which provide crucial protection for buildings and the property contained within them.
Explore what constitutes farm personal property within property insurance, including exclusions like livestock, grain, and harvest equipment.
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.
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 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.
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 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.
Explore the concept of being over insured in insurance. Understanding over insurance, its risks, and how it might impact policyholders. Learn about the moral hazard associated with excessive coverage.
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.
Learn about the definition of fire in property insurance, including what constitutes a hostile fire and how it impacts coverage.
Discover what loss reserve means in general insurance. Learn about the insurer's estimated total liability for pending claims, incurred but not reported losses, and more.
Learn about voidable policies in general insurance, a type of policy that can be voided by either party involved in the contract. Explore how it impacts both insurers and policyholders.
Learn about the concept of renewal in general insurance terms, which refers to the continuation of an in-force policy status through the payment of a premium.
Understand the fallen building clause in property insurance, highlighting its impact on fire insurance when a building collapses for reasons other than fire or explosion.
