Learn about policy proceeds in life insurance, including the payout at death or maturity, dividends on deposit, and extra insurance purchased with dividend amounts.
Understand the pollution liability coverage form, a commercial liability insurance component that addresses clean-up costs for pollution incidents.
Learn about the concept of power of attorney within the insurance domain, including its definition, importance, and how it empowers individuals or corporations to make legal decisions for others.
Learn about pre-admission authorization in health insurance, a required step for obtaining insurer approval before hospitalization.
Discover what preferred risk means in general insurance. Learn how it differs from standard risk and how it affects premium rates.
Learn about Preliminary Term insurance coverage, its purpose, and how it provides short-term protection until your long-term policy's anniversary date.
Understand what a premium loan is in the context of general insurance terms. Learn how insurers provide these loans and the security involved.
Discover the essential role of a primary beneficiary in life insurance. Learn how they are designated to receive benefits or a pay-out from an insurance policy after it becomes due.
Learn about the role of a Primary Care Physician (PCP) in health insurance, how they provide primary medical care, and when they refer you to specialists.
Learn about the principal sum in health and life insurance, the total amount paid for accidental death, and the percentage paid for dismemberment.
Learn about pro rata cancellation in insurance, where premiums are adjusted based on the time the contract has been in effect. Understand how it affects your insurance policy.
Understand the Pro Rata Liability Clause in general insurance. Learn how this clause ensures that losses are paid proportionally based on the coverage provided.
Understand the concept of Probable Maximum Loss (PML) in property insurance, the largest loss that can be expected if all mitigating measures, like smoke detectors, work as intended.
Learn about Professional Corporation, a unit that offers professional services such as healthcare, within the context of general insurance terms.
Learn about Professional Liability Insurance, also known as malpractice insurance or errors and omissions insurance, and why it's crucial for professionals across various industries.
Learn about Profit and Commissions Insurance, a type of property insurance tailored for individuals whose income is reliant on commissions or profits tied to particular properties. This insurance safeguards against loss of income due to property damage.
Discover how a Profit Sharing Plan allows employees to share in company profits. Learn how these plans work, their potential tax benefits, and distribution options.
Learn what promulgate means in the context of general insurance. From the development to the publishing and enforcement of insurance rates, and its relevance to publicizing legal orders.
Explore the concept of prospective reimbursement in health insurance where providers receive annual payments based on previously established rates. Learn how this system impacts healthcare providers and patients.
Learn about prototype plans in pensions, a retirement plan available for free to employers due to organizational sponsorship.
Learn about provisional rates in general insurance—temporary rates that can be adjusted at a later time. Understand how provisional rates work and their importance in insurance policies.
Explore Public Liability Insurance, covering bodily injury and property damage liabilities. Essential for protecting your business from legal actions brought by the public.
Learn about 'Property Other than Money and Securities (Criminal)' in commercial crime policies, which refers to tangible property with intrinsic value, such as office furniture or supplies.
Discover what paid losses refer to in the context of general insurance. Learn how insurers calculate the amount paid out in losses over a specific time frame.
