Learn about contingent commission in reinsurance, a commission based on the net profit from a reinsurance treaty, paid to the ceding company in addition to the usual commission.
Learn what a contingent fund is, its significance in general insurance, and how it safeguards against potential rare event losses.
Learn how continuation of health insurance allows former employees to maintain their health insurance coverage after leaving a job, and the conditions they must meet.
Understanding the control provision in life insurance policies, particularly how it provides control to someone other than the insured, usually noted in contracts for underage individuals.
Learn about controlled insurance, a type of insurance policy influenced by agents or brokers rather than by standard agreements. Discover its implications and how it differs from other policy types.
Understand the cost contract between health care providers and the Health Care Financing Administration, ensuring the provision of services at reasonable costs for covered individuals.
Discover the significance of Countrywide Rates and how they impact commercial lines insurance premiums and rates across major divisions.
Explore the countrywide rules in general insurance including a comprehensive listing of rules and rating factors for each major division in the Commercial Lines Manual.
Understand the concept of Coverage Part in commercial insurance. Learn how it forms part of your commercial contract, either as a separate policy or attached to an existing one.
Learn about covered loss in general insurance, including the types of loss an insurer will pay for under a policy, such as death, injury, property damage, loss, or automobile collision.
Learn about the credentialing process in health insurance, which endorses health care providers to participate in or provide care under health care plans.
Understand the importance of Credit Health Insurance, a group insurance covering creditors in case of debtors' total disability. Learn how this form of disability income insurance works.
Understand credit insurance, a vital policy that ensures your debts are handled if you die or become disabled. Learn how it protects your financial obligations in both life and health scenarios.
Understand the concept of cross purchase life insurance, where both parties in a business buyout agreement insure each other for seamless ownership transitions.
Learn about the term 'Casualty' in general insurance, which refers to a loss incurred due to an accident. Expand your insurance vocabulary with clear definitions.
Learn about catastrophe hazard in general insurance, the risks of large-scale losses due to events like earthquakes, and its impact on insured populations.
Learn about Charitable Gift Life Insurance, where a policy is donated to a charity allowing the donor to receive a tax deduction. Discover its benefits and usage.
A comprehensive overview of the concept of 'Class' in general insurance, which refers to a group of policyholders with similar characteristics grouped together for rating purposes.
Learn about coinsurance in both property and health insurance: how it determines claim payments in property insurance and the policyholder's cost responsibilities in health insurance.
Learn about coinsurance percentage in property insurance, a critical condition influencing coverage and potential penalties for underinsurance.
Learn about the coinsurance requirement in general insurance terms, which defines the necessary amount of insurance coverage to avoid coinsurance penalties on a loss.
Learn about Commercial Package Policy (CPP) which includes coverage options for Commercial Property, Business Crime, Business Automobile, and more for commercial organizations.
Learn about Commissioner's Values, a crucial list of securities' values published annually by the National Association of Insurance Commissioners, used for insurance company balance sheets.
Compulsory insurance refers to types of insurance coverage that are mandated by law such as automobile insurance. Learn what it means, why it's required, and common examples.
