Learn what Full Coverage means in health and auto insurance policies. Comprehensive guide to insurance terms for complete protection.
Learn about Family Policy in Life Insurance, a combination of whole life insurance for the head of a household and term coverage for other family members. Understand its benefits and scope.
Learn about the full reporting clause in property insurance, which mandates the regular reporting of property values to ensure adequate coverage and avoid penalties.
Learn about Farmer’s comprehensive personal liability insurance, which offers similar coverage to comprehensive personal liability but is specifically tailored for farm-related perils.
Explore the Federal Insurance Contributions Act (FICA), a law introduced in 1939, which mandates payroll taxes to fund social security and Medicare benefits. Learn how both employers and employees contribute equally.
Learn about Floater in Property Insurance, which provides coverage for movable items such as boats, wherever they are located within the contract-specified area.
Understanding the Free of Capture and Seizure Clause in property insurance policies, which excludes losses due to war, seizure, or takeover.
Learn about the formula used in pension plans to determine your retirement benefits. Understand how equations help in calculating total pensions or contributions.
Learn about fraternal insurance, a special type of insurance specifically for members of a fraternal group or lodge that covers health and life insurance needs.
Explore the essential role of field underwriting in health insurance—a preliminary decision made by the insurance agent to determine a prospect’s eligibility based on underwriting standards.
Learn about the Federal Deposit Insurance Corporation (FDIC), a federal agency that insures bank deposits up to $250,000 and ensures the stability of the financial system.
Understand the Fair Credit Reporting Act and its implications in general insurance terms, including the requirements for forewarning applicants and the handling of negative credit information.
Understand the Fellow Servant Rule, a common law principle used as a defense before workers compensation laws, absolving employers from liability when an injury is due to a coworker's negligence.
Discover how franchise insurance, also known as wholesale insurance, provides group health insurance coverage for small groups, offering individual contracts and underwriting.
Learn about flat deductibles in property insurance, including how a specific sum is deducted from every loss or claim filed. Understand its impact on your insurance coverage and claims process.
Learn about formal plans in pensions, their legal enforceability, and the rights extended to eligible employees. A must-read for anyone looking to understand retirement plans.
Learn about Flexible Spending Accounts (FSAs) in health insurance, pre-tax deductions, and coverage for child care or medical expenses. Understand the benefits and limitations, including the forfeiture rule at year's end.
Learn about the Flexible Benefit Plan in health insurance where employees can tailor their benefits package to suit their personal and family health needs.
Learn about the Family Maintenance Policy in life insurance, which provides beneficiaries an income post the insured's death, followed by payout of the policy's face amount.
Explore the significance of fine print in insurance contracts and understand how state laws regulate font size and enforce clarity in coverage details, exclusions, and exemptions.
Understand the fire department service clause in property insurance, which reimburses expenses incurred by the fire department while saving insured property from fire damage.
Learn about Fire Legal Liability in Property Insurance, a key coverage that protects you against liability due to negligence causing fire damage to another's property.
Understand the concept of flat cancellation in general insurance, where a policy is cancelled on its effective date with no premiums paid.
Learn about fraud, a form of dishonesty and deception intended to achieve personal gain at the expense of another individual or company. Discover its implications, examples, and how it is addressed legally.
