Learn about management expense in reinsurance, a crucial component that covers reinsurers' overhead costs according to a contingent commission agreement.
Learn about 'Market Value' in general insurance: The price at which a product would sell in the current market. Explore its significance and application.
Explore the concept of Minimum Amount Life Policy, a life insurance policy that specifies only a minimum face value. Learn how it works and why it might be suitable for your needs.
Understanding Modified Fire Resistive Construction, a type of building construction using masonry or fire-resistant materials for enhanced safety. Learn how it impacts property insurance.
Learn about Multiple Employer Welfare Arrangements (MEWAs), funds and trusts financed by employers to provide medical benefits. Understand their structure and benefits.
Learn about the minimum compensation level, the essential pay threshold that employees must attain to participate in pension or profit-sharing plans.
Learn about Messenger Robbery Insurance, a specialized policy that covers money and other property in the care of an employee leaving the premises. Essential for businesses with staff delivering items.
Learn about modified community rating in health insurance, a method of determining medical expense rates using local data. Understand its impact on premiums and regulatory implications.
Learn about the Multiple Location Policy in Property Insurance, a crucial coverage for protecting property owned in multiple locations under a single insurance policy.
Understand the essentials of a mutual insurer policy, a type of coverage written by an insurer that operates without incorporated capital belonging to the policyholders yet remains an incorporated entity.
Discover the importance of a motor vehicle record in vehicle insurance. Learn how traffic violations and accidents impact your driving history and insurance premiums.
Learn about malicious mischief, a term in general insurance that involves intentionally damaging someone else's property. Understand its implications and coverage under insurance policies.
Understand the Manufacturer’s Selling Price Clause in Property Insurance, which values finished goods at their selling price during a loss. Essential knowledge for property insurance policies.
Comprehensive guide to Manufacturers and Contractors Liability Insurance, covering contractors and manufacturers with premiums based on payroll amounts. Explore the benefits, coverage details, and more.
Discover the significance of manufacturing locations in property insurance. Learn about dependent properties and how they impact business income coverage.
Understand the term 'Messenger (Criminal)' in commercial crime insurance, referring to individuals possessing the insured's property off-site, including the insured, their employees, or partner.
Learn about the Mini Tail in liability insurance, a 60-day extension to the reporting time frame that allows the insured to make claims after a claims-made policy has expired.
Understand miscellaneous expenses in health insurance, covering additional charges during a hospital stay like diagnostic test fees. Learn about reimbursement limits for these expenses.
Learn about misrepresentation, a key legal term in insurance, that involves providing false information during policy acquisition or incorrect explanations of policy terms.
Learn about the mode of premium payment in general insurance, including the various frequencies available such as annually, monthly, and quarterly.
Discover the obsolete Money and Securities Broad Form (Criminal), a crime insurance coverage that protected against loss of money or securities due to various perils. Learn why it was replaced by commercial crime coverage.
Learn about mortgage redemption insurance, a term policy that reduces monthly and can be used as mortgage insurance. Discover its role in health and life insurance.
Learn about Multi Peril Policies in general insurance. Discover how these contracts offer coverage against multiple perils, providing broad protection in a single contract.
Learn what a manual is in the context of general insurance. Discover how it serves as a guide to rates and classifications, crucial for insurance policies.
