Learn about premium discounts in general insurance, including how policyholders benefit by paying premiums in advance and the impact on workers' compensation or general liability policies.
Learn what a Primary Care Network (PCN) is in health insurance, including the role of primary care doctors within a plan.
Discover how Pro Rata Distribution operates in general insurance, ensuring proportional payout based on the value of each insured item.
Learn about Products and Completed Operations Insurance, a crucial subline of general liability coverage for manufacturers and contractors. Discover how it protects businesses from claims caused by their products or completed operations.
Learn about Protection Class in Property Insurance, a critical rating determined by the Grading Schedule of Cities and Towns based on the level of fire protection.
Learn about providers in health insurance, including doctors, nurses, and groups who offer medical care and services.
Learn about proximate cause in insurance, a critical legal term that describes the primary cause that initiates a series of events leading to damage or loss to the insured person or property.
Learn about pure loss cost ratio in reinsurance, which represents the reinsurer’s losses in relation to the premiums received by the ceding company.
Learn about the physical exam and autopsy clause commonly found in health insurance policies. Understand its implications and what it means for policyholders and their families.
Learn about the policy year, a 12-month period between the policy's anniversary dates in general insurance, crucial for coverage and claim considerations.
Learn about the policyholder in general insurance terms, including definitions and roles. A policyholder, also known as a policy owner or insured, is the person covered by an insurance policy.
Discover how the Prospective Payment System (PPS) operates in health insurance, particularly with Part A Medicare, and how reimbursement is determined based on patient condition at hospital admission.
Learn about paid-up insurance in life insurance policies, where all premiums are fully paid, guaranteeing coverage without further payments. Understand its significance and benefits.
Discover what a Parasol Policy is in liability insurance, how it differs from and complements existing property insurance by offering all-risk coverage with some exclusions.
Learn about the term 'Parol' used in legal proceedings to designate an oral statement, as opposed to a written one. Understand its implications in the legal context.
Understanding Partial Loss in insurance: A loss that does not completely devalue or destroy the insured's property.
Learn about what it means to be a party in interest in the context of pensions, including the roles of medical professionals and employees responsible for establishing pension plans.
Explore the concept of Past Service Liability, the starting value of a pension plan that consists of annuity credits vested before the effective date, and understand its implications in pension management.
Discover Paymaster Robbery Insurance and how it safeguards against the loss of payroll funds due to robbery by the responsible custodian. Get in-depth insights into the benefits, coverage, and more.
Learn how a payment bond (Surety) guarantees that contractors will provide and pay for labor and materials on a project, protecting property owners from liabilities.
Understand the role of Peer Review Organizations (PROs), where physicians hired by the federal government review services provided to Medicare subscribers by Medicare-approved facilities.
Learn about the per capita distribution method in life insurance, where a beneficiary's portion of an estate is shared equally among all their heirs.
Learn about the per cause deductible in health insurance, a requirement that benefits are only paid after the deductible for each incident is met, and how it impacts your coverage.
Learn about Per Risk Excess Reinsurance, where the insurer pays losses up to a specific limit, and the reinsurer covers the remaining loss up to the agreed limit.
