Explore the concept of incurred losses in general insurance, which refers to losses sustained during a specific period. Understand its significance, whether paid or not.
An individual contract in health insurance is a policy that covers a particular individual and may extend to include other family members. Learn the essentials of individual health insurance contracts, including their benefits and coverage details.
Learn about If clauses in property insurance, which outline conditions under which coverage may be discontinued, such as withholding pertinent information.
Learn about the Independent Agency System in insurance, where agents work as independent contractors on a commission basis for multiple insurers.
Understand the meaning of impaired insurer, the signs of financial trouble in insurance companies, and the impact on policyholders and the insurance industry.
Understand the Incurred Loss Ratio in General Insurance. Learn how the ratio of losses sustained compares to money earned from premiums, enhancing your insurance knowledge.
Learn about installments certain in life insurance, an option where the settlement is paid in equal portions for a specified time frame. Understand its benefits and implications.
Learn about the definition and significance of an Interstate Carrier in General Insurance Terms. Understand the role of companies providing transportation across state lines.
Explore the role of the Insurance Institute of America (IIA), known for establishing programs and examinations in fields like insurance, underwriting, adjusting, and risk management.
Learn about implied authority in general insurance, where public perception allows an agent certain powers. Understand what the public can reasonably believe about an agent's roles and actions.
An in-depth look at informal plans in the pension domain, covering retirement plans with unspecified benefit amounts and no obligatory funding sources.
Learn about the term 'Invalidity' in health insurance, which is often interchangeable with illness, and its implications for policyholders.
Explore the concept of an implied warranty in legal terms. Understand what an implied warranty is, its implications, and how it protects consumers without being explicitly stated.
Explore the concept of Increasing Term Insurance, a unique type of life insurance policy that offers a consistent premium while the death benefit increases over time. Learn how it can provide enhanced financial protection for your loved ones.
Understanding the inflation factor in health insurance: An addition to premiums to account for future inflation in medical costs and loss payments. Get insights on how this affects your health insurance premiums.
Learn about intentional injury within the context of health insurance, focusing on injuries caused by willful acts meant to cause harm and their coverage implications.
Learn about inter vivos transfers, a legal mechanism where all or part of a person's estate is transferred before their death. Understand its implications and benefits.
Understand the intoxicants and narcotics provision in health insurance policies, which excludes coverage for losses resulting from intoxication or unsupervised narcotic use.
Explore the concept of investment income in general insurance, including interest payments, stock dividends, and realized capital gains. Learn how insurers earn from their investments.
Learn about the impairment of capital in general insurance, including definitions, implications, and regional regulations impacting insurers.
Explore the concept of indemnity in general insurance, where payments or replacements are issued to individuals who have suffered a loss.
Learn about the Iron Safe Clause in property insurance, which requires the insured to maintain records in a secure, fireproof safe for documentation and verification purposes.
Explore the legal concept of imputed acts where actions performed by an agent are considered those of the principal. Learn how imputed liability works in various legal scenarios.
Incurred But Not Reported (IBNR) refers to losses in general insurance that have occurred but have not yet been filed as claims. Learn how IBNR impacts insurance companies and policyholders.
