Learn about the concept of 'Additional Insured' in general insurance terms. Discover how secondary beneficiaries, such as children, are added to policies and what that entails.
Discover what an apportionment clause in property insurance entails, and learn how it impacts the division of claims among multiple insurance policies.
Discover the fundamentals of Automatic Proportional Reinsurance, where insurers automatically share risks, premiums, and losses with reinsurers, and the dynamics of transfer commissions.
Learn about the Automobile Assigned Risk Insurance Plan, designed to provide vehicle insurance for individuals with challenging driving records who struggle to obtain standard coverage.
Explore the concept of amortization in pensions, a systematic process of paying a debt with interest over a given number of years. Learn the importance and mechanics of amortization in pension plans.
Discover how the Alliance of American Insurers brings together insurance companies to work on common interests like government affairs, employee education, and loss prevention.
Discover the role of the American College in conducting life insurance research and providing continuing education for insurance agents. Learn about its impact on the industry.
Learn about Aviation Insurance, a specialized type of insurance that protects against losses resulting from the use of an airplane. Discover the essentials of coverage options, benefits, and requirements.
Learn about assessment insurance, a type of policy where extra costs can be assessed to the policyholder if the insurer's loss experience is worse than expected. Understand its implications and considerations.
Understand Aviation Trip Life Insurance, a policy designed to cover the insured’s life for the duration of a specific flight. Learn why it can be essential for frequent flyers and travelers.
Discover how age-weighted profit-sharing plans in life insurance make larger contributions for older participants, ensuring equitable retirement benefits through compound interest.
Discover the concept of Adverse Financial Selection in General Insurance. Learn why policyholders may surrender their policies and how it impacts insurance providers.
Understanding agency by ratification in general insurance, and how an insurance company becomes liable for an agent's unauthorized actions.
Learn about the legal terminology of arson, which refers to the intentional burning of property. Understand its implications in the insurance and legal domains.
Learn about an assessment company in general insurance terms. Discover how these insurers operate and what it means when premiums are not enough to cover operating costs.
Explore the concept of attained age in life insurance. Learn how the insured's age at a specific date affects policy premiums and benefits.
Learn about aggregate indemnity in health insurance, the maximum amount that can be claimed under a policy. Understand its significance and limitations.
Explore the concept of automatic non-proportional reinsurance, a vital protection mechanism for insurers against losses exceeding predetermined limits, ensuring financial stability and risk management.
Discover the definition of an Asset in general insurance terms. Learn how assets such as property and office furniture are listed on an insurance company's balance sheet.
Learn about the Accredited Advisor in Insurance, an individual who has completed the three exams administered by the Insurance Institute of America.
Discover the concept of Actual Cash Value (ACV) in general insurance, which is the cost of replacing damaged or destroyed items with new property while considering condition and depreciation.
Learn about the American agency system, also known as the independent agency system, where insurance is sold through independent agents, offering clients a broader choice and personalized services.
Learn about the Appleton Rule, a crucial regulation requiring every insurer in New York to comply with the New York Insurance Code, even if they operate in other states.
Learn about 'Amount at Risk' in life insurance, discover how it affects the life insurance policy, and understand its importance in the payout process.
