Understand incurred expenses in general insurance, which refer to costs that have been accrued but not yet paid. Learn about their significance in insurance claim handling and financial reporting.
Understand the term 'Indemnify' in general insurance as the act of returning a policyholder to their pre-loss condition. Learn its importance and application.
Learn about the role of an indemnitor in general insurance terms, where an individual or company agrees to assume obligations normally placed on a surety if the person bonded defaults.
Understand the details of an Individual Retirement Account (IRA). Learn about eligibility, contribution limits, and the benefits of saving for retirement with an IRA.
Discover the essentials of Industrial Life Insurance, including its unique coverage amounts of less than $1,000 and the regular premium collection schedules.
Understand industrial risk insurers, an association of stock property insurers and casualty insurers formed to write insurance for large amount risks.
Learn about the role and importance of inspection bureaus in liability and property insurance. Understand how these groups investigate exposures and establish insurance rates.
Learn about installment refund annuities, a type of annuity that ensures benefit payments until the equivalent of the purchase price is paid out. Essential information for financial planning.
Learn about the role of an Insurance Examiner, who administers the examining and auditing of insurers as a representative of the state's insurance department.
Discover the prestigious Insurance Hall of Fame, an organization dedicated to recognizing individuals for their exceptional contributions to the insurance industry.
Discover the role of interrogatories in legal procedures. Learn how pre-trial questions help gather evidence and prepare for court proceedings.
Understand the importance of the Interstate Commerce Commission Endorsement in Property Insurance, which guarantees insurance for cargo losses and is mandatory for interstate motor carriers. Learn about its essential details and requirements.
Understanding the concept of an investment reserve within general insurance, which is crucial for managing reductions in the value of an insurance company's owned securities.
Learn about the designation of an irrevocable beneficiary in life insurance and the importance of obtaining consent to make changes.
Understand the term 'Item' in general insurance—a reference to individual pieces of property covered by a policy or a schedule listing all insured property.
Learn about the Individual Practice Association (IPA) model HMO, where medical services are provided by contracted physicians within an HMO network. Understand how it functions and benefits healthcare consumers.
Explore Innkeepers Legal Liability Insurance and learn how it safeguards hotel and motel operators against legal liability for guests' property.
Insurable interest is a crucial concept in general insurance, referring to the financial stake an individual or company has in an insured item that would result in monetary loss if the item were damaged or lost.
Explore the significance of the incontestable clause in health and life insurance policies. Learn how this stipulation limits the insurer's time to dispute policy information, protecting policyholders from denied claims due to preexisting conditions or health misrepresentations.
Learn about incidents of ownership in liability insurance, including policy owner rights such as choosing a new beneficiary. Ensure you fully understand your policy's terms.
Learn about income policy in liability insurance, which provides monthly benefits to policyholders. An alternative to one-time payouts, income policy ensures continued financial support.
Learn what increased hazard in property insurance entails, including examples and potential risks. Discover how storing risky items can impact your insurance coverage and premiums.
Learn about individual account plans in pensions. Understand how these defined contribution or profit-sharing plans generate separate accounts and the factors affecting the benefits for each participant.
Learn about inflation guard coverage in property insurance, a critical feature that periodically increases your coverage value to match the rising costs of building materials.
