Learn about the significance of the Plan Year in pensions, a 12-month period for keeping plan records, which can follow a calendar year or fiscal year.
Learn about the Point of Service Plan (POS) in health insurance, where patients have the flexibility to choose between participating and non-participating providers.
Learn about preexisting conditions in health insurance, how they affect coverage, and what regulations apply. Essential for navigating health policies effectively.
Learn about Premises and Operations Liability Insurance, a crucial subline of general liability insurance offering protection against hazards related to business operations and premises.
Learn about the Premium Refund provision in life insurance, which allows beneficiaries to receive the policy's face amount and the total premiums paid.
Learn about premiums in general insurance, which are the payments due for coverage over a set period, typically a month or a year.
Learn about prepayment of premiums in general insurance, including how it works, the benefits, and potential interest earnings on deposits.
Learn about primary care in health insurance, focusing on medical care provided by a primary physician. Discover its importance and benefits.
Explore the essentials of Property Damage Liability Insurance, a crucial coverage usually paired with bodily injury liability. Learn how it protects against damages to others' property and loss of use.
Learn about provisions in general insurance terms, also known as stipulations, where the benefits and conditions of the policy are detailed.
Learn about Public Official Bonds (Surety), a type of surety bond guaranteeing that a public official will perform their duties and manage funds properly.
Learn about punitive damages, a form of punishment awarded against negligent, omission, or malicious acts by individuals or companies. Explore how these damages relate to general liability policies.
Learn about the Property Insurance Loss Register, a key registry for tracking losses of $500 or more due to fire. Explore its purpose and how insurers use it to identify patterns.
Explore the role and responsibilities of the Principal in surety bonds, including how the Principal is guaranteed by the surety company.
Learn about the Pair and Set Clause in Property Insurance, which dictates a fair assessment when part of a pair or set is lost or damaged, and the insurer's responsibilities.
Understand the concept of Particular Average in Property Insurance, a type of partial loss due to water transportation that falls on the property owner.
Learn about the 1869 Paul vs. Virginia decision, where the US Supreme Court ruled that insurance is not commerce and thus not federally regulated, a stance reversed in 1944.
Learn about payroll deduction insurance, where employees authorize their employers to deduct life insurance premiums from their paychecks. Understand how this convenient method works to secure continuous coverage.
Explore the intricacies of pension plans. Learn how they provide monthly income for retirees and their spouses, along with death and disability benefits, ensuring financial security under the Employee Retirement Income Security Act.
Explore the concept of percentage participation in health insurance, detailing how insurers and insureds share the cost of claims based on agreed terms.
Learn about physical damage in vehicle insurance - covering collision, theft, and other insured perils. Understand how policies protect against property damage and ensure your vehicle is covered.
Learn about the physician contingency reserve in health insurance, a fund composed from claim deductions aimed at motivating appropriate healthcare provision.
Learn about Physicians and Surgeons Professional Liability Insurance, covering physicians in malpractice lawsuits and legal actions related to malpractice accusations.
Discover how plain language laws mandate that legal documents be written in straightforward, easy-to-understand language, ensuring clarity and reducing confusion.
