Understand the sistership exclusion in liability insurance, preventing coverage of products withdrawn from the market. Essential insights for policyholders.
Learn about temporary partial disability, a short-term circumstance where an individual is temporarily unable to perform their usual duties but can work in some capacity until full recovery.
Learn about collateral assignment in life insurance and how it is used to secure a loan. Understand the implications for both the policyholder and the creditor.
Discover the importance of Extra Expense Coverage Form in property insurance which covers added costs a business incurs to remain operational after a property loss.
Learn about Guaranteed Cost Premium, a fixed insurance premium not influenced by loss experience during the policy term. Ideal for Liability and Worker's Compensation Insurance.
Learn about specific insurance policies, which provide coverage for a single property. Explore scenarios where specific insurance is primary when a blanket policy is also in place.
Learn the purpose and function of a surgi-center, a facility providing surgical services on an outpatient basis. Find out how it fits within the health insurance landscape.
Explore the role of the Insurance Institute of America (IIA), known for establishing programs and examinations in fields like insurance, underwriting, adjusting, and risk management.
Explore the concept of Transfer of Risk, a key risk management method in general insurance where risk is reassigned to another party. Learn how insurance acts as a type of risk transfer.
Learn about weekly premium insurance policies in health and life insurance, where an agent visits the insured's home to collect premiums, typically for small amounts.
Learn about yacht insurance, a type of property insurance that provides coverage for pleasure boats against collision, hull damage, and liability indemnity.
Learn about the term 'Benefit' in the context of general insurance. Discover how benefit amounts are paid to beneficiaries or participants in retirement plans.
Discover the essentials of Broad Form Personal Theft Insurance, a crucial part of homeowner’s insurance that protects against theft, vandalism, and malicious mischief at private residences.
Learn about Collision Damage Waiver in vehicle insurance, a special policy for rented vehicles. Understand how it protects renters by waiving rental company's rights to claim damages.
Learn about the role and responsibilities of the Commissioner of Insurance, the primary state-level regulator dedicated to protecting policy owners' interests.
Learn about convention values in general insurance, which are the valuations attributed to the insurer's assets in the convention blank. Understand their relevance and impact on insurance reporting.
Learn about the cover note in general insurance, a notice by an agent confirming the commencement of coverage, similar to a binder but not issued by the insurance company.
Explore the definition of a covered person in insurance. Learn about what it means to be a covered person under an insurance contract and its implications.
Understanding the role of a custodian (criminal) in commercial crime insurance. Learn about the person responsible for taking care of property, their duties, and significance in crime coverage.
Explore comprehensive definitions, etymologies, synonyms, antonyms, facts, quotes, government regulations, references, and quizzes related to insurance terms. Ideal for professionals, students, and enthusiasts.