Learn about the Boston Plan, an initiative where insurers agree not to reject coverage for residences in slum areas, allowing owners to correct imperfections after an inspection. First introduced in Boston.
Discover the minimum benefits provided by a health insurance policy, also known as a basic hospital plan. Learn about the essential features of basic benefits in health insurance.
Learn about bridge insurance for bridges under construction, which covers damages from fire, lightning, earthquakes, floods, and other acts of God. Essential property insurance information for bridge construction projects.
Learn about basic form rates in property insurance, including the combined Group I and Group II rates as defined under the commercial lines program.
Learn about base premiums in general insurance and how they serve as the foundation for calculating reinsurance premiums. Essential knowledge for practitioners and students in the insurance industry.
Learn about the basic premium in general insurance, a key component of the standard premium covering administrative costs and agents’ commissions.
Learn about the benefit period in health insurance, a crucial time frame during which policy benefits are paid out to the insured or their dependents.
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 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 details of Broad Form Insurance, which provides extensive coverage for various hazards including theft, loss, property damage, and vandalism. Learn how it protects your assets.
Explore the essentials of a buy-sell agreement in liability insurance, a vital contract ensuring business continuity and ownership transitions. Learn about its significance, components, and pricing stipulations.
Explore the Benefit Allocation Method in pension funding, a technique where a single premium payment annually secures individual benefits for each year of service, commonly through annuities.
Learn how the benefit formula in health insurance calculates the amount of benefits an insured person is entitled to under an employee benefit plan.
Learn about the unique position of a Broker Agent who acts as a broker for some insurers and an agent for others. Explore their responsibilities, dual roles, and how they differ from other insurance professionals.
Explore the concept of backdating in health and life insurance policies, and understand how adjusting the policy's effective date can result in premiums calculated for a younger age.
Learn about Bailee’s Customers Insurance, a property insurance that covers the bailee against potential hazards like fire, theft, robbery, and leaks while temporarily in possession of another's property.
Learn about the Bankers Blanket Bond insurance, a crucial shield for banks against fraudulent acts by employees and theft or burglary by non-employees.
Learn about Basic Hospital Plans in Health Insurance. Discover what minimum benefits and basic benefits are provided by these insurance policies.
Learn the meaning of 'Beneficiary' in general insurance terms: the person designated to receive the benefits of a policy. Understand its importance and role in insurance policies.
Learn about benefit triggers in health insurance. Understand the specific conditions that must be met for benefits to be paid out. Comprehensive guide to help you navigate the requirements.
Understand what a binder is in general insurance terms. Discover how binders provide temporary coverage before a contract is finalized or premiums are paid.
