Understand the concept of Present Interest (Estate) in real estate, which refers to the usage and enjoyment of property at the present time. Learn how it affects estate planning and property management.
Learn about premium notices in general insurance, which provide the due date for premium payments. Essential for managing timely payments and ensuring continuous coverage.
Learn about the Peak Season Endorsement in Property Insurance, which provides increased coverage for insured inventory during specific peak seasons as defined in the endorsement.
Learn about the role of a practical nurse in health insurance, focusing on their duties like assisting patients with daily tasks and the limitations such as not being able to dispense medicine.
Learn about the concept of Present Value in insurance, which refers to the current value of an amount due in the future. Essential for understanding financial decisions and policy valuations.
Learn about premium rate in general insurance, which represents the cost of insurance broken down to a per-unit cost. Understand how premiums are calculated and their impact on your insurance policy.
Learn about the policyowner in general insurance terms, who is the person that owns an insurance policy. Discover how a policyowner may differ from a policyholder.
Learn about the concept of probability in the context of general insurance and understand how the chance of an event occurring is represented as a number.
Explore the Professional Insurance Agents (PIA) Association, its role, and the benefits it offers to mutual insurance agents.
Learn about parcel post insurance, a property insurance coverage for items or parcels under the care of the United States Postal Service. Understand how it protects against damage or loss.
Learn about pro rata reinsurance, where a reinsurer shares both claims and premiums with the ceding company, ensuring mutual risk distribution.
Learn about policy reserves in life insurance, a crucial concept ensuring that all policies merit a portion of the pro rata reserve.
Learn about the Power of Appointment in estates, including how the donee can choose the end beneficiary of a property as granted by the donor.
Understand the concept of a parent company, the oldest company out of a group of insurers, its role, and its importance in the insurance industry.
Learn about per diem business interruption insurance, a policy that provides daily compensation for businesses affected by interruptions due to covered causes. Understand its importance in property insurance.
Learn about pre-admission certification, a process determining whether a hospital admission is necessary based on established criteria in health insurance.
Learn about the term 'Prospect' in general insurance, which refers to a potential insured. Explore its importance and usage in the insurance industry.
Discover what a payroll audit entails in the context of liability insurance and workers compensation. Learn about the examination process conducted by insurance company representatives to determine the premium due for the most recent policy year.
Learn about the role of the Pharmacy and Therapeutics Committee (P&T) in health insurance, how it influences prescription drug use, and its importance to health plans.
Discover what the Paid Claims Loss Ratio in Health Insurance is, how it’s calculated, and its importance. Learn the key components and implications for policyholders and insurers.
Learn about prepaid legal service plans within pension benefits, which provide employees with access to legal services. Understand how these plans work and their benefits.
Understand what Priority (Reinsurance) means in the insurance industry. Learn that it is another term for retention and its significance in reinsurance agreements.
Learn about life insurance policy summaries, including terms, conditions, coverage limitations, and premium details to better understand your coverage.
Explore the importance of persistency in life insurance and how it impacts the underwriting process, ensuring business stability and retention.
