Explore the role of a Cleanup Fund in life insurance. Learn how it helps cover remaining costs after a policyholder's death and ensure financial stability for beneficiaries.
Explore the concept of contents rate in general insurance, focusing on the premium charged for the contents of a building, excluding the actual building structure.
Learn about the contingency reserve in general insurance—an essential reserve set aside for unforeseen events or damages, typically found in an insurance company's annual statement.
Learn about Contingent Beneficiary in life insurance - a secondary beneficiary who receives benefits if the primary beneficiary is deceased at payout.
Discover the legal concept of contributory negligence and how it impacts the accountability of insured individuals in insurance claims and injury cases.
Learn about the Convention Blank, a mandatory annual financial statement for insurance companies required in all states. Understand its purpose, regulatory requirements, and filing process.
Learn about 'Credit Carried Forward' in reinsurance, its implications under spread loss, and how it impacts accounting periods. A key term for insurance professionals.
Discover the meaning of 'Contribution' in general insurance terms. Learn how it applies to insurer losses, premiums paid by the insured, and coinsurance scenarios.
Learn about the definition of 'Cover' in general insurance terms, including its use in insurance contracts, addition of assets, and provision of coverage.
Learn about the cancellation provision clause in property and health insurance policies, allowing either party to terminate the agreement before its expiration date.
Learn about captive agents in general insurance terms. These agents exclusively represent one insurance company, offering specialized knowledge and dedicated service to clients.
Learn about commutation in life insurance, a process where policyholders trade a series of future payments for a lump sum settlement. Understand its benefits and implications.
Understand the concept of conservation in general insurance, where insurers take actions to retain current policies and prevent them from lapsing.
Learn about the coinsurance cap in health insurance and how it limits the amount policyholders need to pay. Discover its significance and impact on healthcare costs.
Learn about contingency in general insurance, an occurrence that may or may not take place within a certain time frame. Understand its importance and implications in insurance policies.
Understand the power designated to an agent by an insurance company, a critical component in general insurance terms.
Understand what a Comprehensive Policy covers in Vehicle and Liability Insurance, including risks it covers and named exclusions in the contract.
Discover the role of a contract carrier in property insurance, a company that transports goods for specific merchants rather than the general public. Learn how this impacts your insurance policies.
Learn about collateral assignment in life insurance and how it is used to secure a loan. Understand the implications for both the policyholder and the creditor.
Learn about the capacity of parties in general insurance, which addresses the legal competency of each party to enter into an insurance contract.
Learn about Collision Damage Waiver in vehicle insurance, a special policy for rented vehicles. Understand how it protects renters by waiving rental company's rights to claim damages.
Explore the definition and significance of commercial forms in general insurance, which offer coverage against various business risks.
Learn about the role and responsibilities of the Commissioner of Insurance, the primary state-level regulator dedicated to protecting policy owners' interests.
Learn about convention values in general insurance, which are the valuations attributed to the insurer's assets in the convention blank. Understand their relevance and impact on insurance reporting.
