Learn about the cover note in general insurance, a notice by an agent confirming the commencement of coverage, similar to a binder but not issued by the insurance company.
Explore the definition of a covered person in insurance. Learn about what it means to be a covered person under an insurance contract and its implications.
Understanding the role of a custodian (criminal) in commercial crime insurance. Learn about the person responsible for taking care of property, their duties, and significance in crime coverage.
Learn about the calendar year deductible in health insurance—how it works and its importance no matter how many claims are made within a calendar year.
Explore the concept of Coordination of Benefits in health and life insurance. Learn how it determines the primary insurer when you're covered by multiple insurers.
Learn about policy cancellation in general insurance, including what it entails and the conditions under which a policy can be terminated as per the contract terms.
Learn about collision insurance in vehicle insurance. Understand how it covers damage to your vehicle due to a collision. Ensure you're adequately protected.
Understand Claims Occurrence Basis Liability Coverage, where claims caused by events during the policy term are paid even if submitted later.
Learn about the role of a Combination Agent in life insurance, including their duties in selling both industrial life insurance and regular life insurance policies.
Understand the conditions for qualification in general insurance. Learn about the essential duties required of the insured, such as submitting an inventory of lost items, before benefits are paid.
Explore how crop insurance helps farmers mitigate risks due to adverse weather conditions such as rain or hail. Learn about coverage details and benefits.
Civil wrong, or tort, involves acts against another person or their property, including the breach of contract terms. Learn about its significance in general insurance.
Explore the concept of cooperative insurance, a policy typically issued by associations such as trade unions, and discover how it functions in the realm of general insurance.
Learn about the Common Disaster Clause in life insurance policies, which outlines the procedure for payout if both the insured and the beneficiary pass away simultaneously.
Discover what it means to cash out vested benefits in general insurance. Learn how employees can take money out of their vested benefits.
Understand the impact of cash withdrawals on life insurance policies and employee benefit plans. Learn how these withdrawals affect the total death benefit and potential forfeitures in employer-purchased benefits.
Learn about the concept of 'ceding' in reinsurance, which involves transferring insurance or reinsurance from an insurer to a reinsurer. Understand its significance and application in the insurance industry.
Discover the meaning of Cestui Que Vie, a crucial insurance term referring to the person whose life measures the duration of a trust, gift, estate, or insurance contract.
Understand how the Change in Occupancy or Use Clause in property insurance affects your premiums and coverage. Learn the implications of increased risk due to changes in property use.
Learn about claim expense in general insurance terms, which includes costs beyond the actual claim, such as administrative fees and legal costs associated with paying a claim.
A comprehensive guide on the term 'Claimant' in general insurance, covering the individual who requests payment of a claim. Learn about the role and significance of a claimant in insurance claims.
Learn about Claims Made Basis Liability Coverage, a type of liability insurance where claims submitted during the policy term are covered, even if the event causing the claim occurred outside the term.
Understand what collection commission in life insurance is and how it benefits agents. Learn about the portion of premiums paid to agents collecting debt insurance premiums.
Learn about combination plans in life insurance, a strategy that integrates life insurance with a side or auxiliary fund to enhance future pensions or annuities.
