Learn about Casualty Insurance (Liability) which covers legal responsibilities for losses due to property damage or personal injury. Comprehensive insights into coverage and its importance.
Discover what catastrophe loss means in general insurance—severe, unpredictable losses such as earthquakes and hurricanes—and why they are best covered by insurance companies.
Learn about the term collateral creditor, a person appointed the rights to a benefit, within the context of general insurance terms.
Learn about Collision coverage in vehicle insurance, which covers damage to your insured vehicle caused by an impact with another object. Understand its importance and how it protects you.
Learn about conditional receipts in life and health insurance, how they serve as proof of an interim contract, and the conditions under which an insurance company must pay out benefits.
Explore the concept of Contributing Locations under business income insurance. Learn how properties providing equipment or assistance are covered.
Learn about cost sharing in health insurance, a system wherein individuals pay a fraction of health care costs, such as co-payments, and how it impacts coverage.
Explore the concept of coverage in general insurance terms, which defines the extent of the insurance benefit supplied by an insurance contract.
Learn about the co-pay provision in health insurance, which defines the portion of a claim paid by the insurer and the insured.
Learn about the cost of insurance in life insurance and how it is calculated. Understand the net cost valuation to make an informed decision about life insurance policies.
Learn about captive insurance companies, formed exclusively to insure a parent company. Understand benefits, structure, and regulations.
Understand what a Cease and Desist Order is in legal terminology. Learn how this court order requires an entity to halt specific practices and how it relates to insurance regulations.
Learn about the Certified Financial Planner designation, a prestigious certification earned by passing national exams set by the International Board of Standards and Practices for Certified Financial Planners.
Learn about the change of beneficiary provision in general insurance policies, allowing insured individuals to alter beneficiaries unless irrevocable.
Understand the role of the claim department within an insurance company and how they assess whether claims will be paid.
Understand the concept of a Claim Report in general insurance, detailing the specifics of a claim. Learn how agents compile these reports and their significance.
Explore what Class Rate means in Property Insurance and how it involves grouping risks of the same danger. Learn about its significance and application.
Learn about clauses in general insurance terms, which address specific issues within a contract. Discover how these provisions impact your insurance policies.
Learn about coinsurance penalty in general insurance terms, a penalty applied due to insufficient coverage as stipulated in the coinsurance clause.
Learn about collection fees in life insurance, a fee paid to insurance agents for collecting policy premiums. Understand how these fees impact your insurance policy.
Learn about the Combined Single Limit in general insurance, where bodily injury and property damage liabilities are covered as one single sum. Understand how this impacts your coverage.
Explore the essentials of commercial credit insurance, a crucial coverage that protects businesses by insuring against the risk of debtors defaulting on their financial obligations.
Learn about commercial forgery policy insurance, a vital protection mechanism for businesses against losses from unwittingly accepting forged checks.
Explore the concept of commutation right in life insurance, allowing beneficiaries to exchange a series of payments for a lump sum. Learn its implications and benefits.
