Explore the concept of concurrent causation in general insurance. Understand how losses involving multiple events can affect coverage, including scenarios where one event is covered and another is not.
Learn about contents in personal and commercial property insurance, including what is covered and what isn't, such as electronics, clothing, office furniture, and machinery.
Learn about contributory plans where employees contribute to their premium in health and life insurance policies.
Learn about the concept of control in general insurance terms, which refers to the power to position insurance as seen fit by an agent or broker, granted by the policy owner.
Explore what conversion privilege means in health and life insurance, including how it allows insured individuals to switch from group to individual policies upon leaving a group.
Learn about Convertible Collision Insurance - a unique vehicle insurance policy that covers all losses after claims exceeding the deductible are paid. Find out why this type of policy is rare and how it can benefit you.
Explore the concept of corridor deductible in health insurance, including how it functions and its impact on your medical expenses. Learn about hospital and medical cost payments before coinsurance.
Learn about Coverage Trigger (Liability), a crucial concept in determining if an insurance policy covers a claim. Understand how it functions in liability insurance.
Explore the definition of crime in legal terminology, its difference from torts, and how crimes are covered under certain insurance policies like commercial crime coverage.
Learn about insurance claims, the process of requesting disbursement of promised benefits, and key terminology in the insurance domain.
A comprehensive guide to the Cash Accumulation Method for comparing life insurance policies with identical death benefits, explaining how differences in premiums are accumulated with interest.
Learn all about the Civilian Health and Medical Program of the Uniformed Services (CHAMPUS), the former health insurance program for military families, including its coverage of mandatory care and services.
Explore the cost of living rider in life insurance policies, which adjusts benefits according to changes in the Consumer Price Index, ensuring your coverage keeps pace with inflation.
Learn about Cross Purchase Agreement in the context of pensions. Understand how this contract facilitates the buyout of a deceased or permanently disabled partner's interest to maintain business stability.
Explore the fundamentals of commercial health insurance, which includes both medical costs and disability benefits, along with renewal provisions and specific benefits.
Learn about the coinsurance plan of reinsurance, a form of reinsurance where insurance companies transfer a segment of a life insurance policy to a reinsurer who then shares in the death benefit payments.
