# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Discover the meaning of 'Offeree' in general insurance terms. Learn who the offeree is and the role they play when an offer is extended.
Explore the different ways in which a beneficiary can receive the payout of a life insurance policy. Learn about the optional modes of settlement in life insurance.
Learn about outcomes measurement in health insurance, a crucial method for assessing treatment provided to patients and their responses to each intervention.
Learn about the concept of Penalty (Surety) in Fidelity Bonds. Discover how it defines the maximum liability insurance companies are responsible for in surety agreements.
Learn about the Percentage Test in pensions. It establishes if a qualified plan benefits 70% of employees on the lower end of the pay scale. Understand its importance in ensuring fair pension distribution.
Understand the concept of Qualifying Terminal Interest Property (QTIP) in estate planning. Learn about the trust offering income to a surviving spouse.
Learn about renewal commission in general insurance terms, which refers to the ongoing commissions paid after the first year’s commission. Understand how this impacts insurance agents and brokers.
Learn what a resident agent is in the field of general insurance. Discover the qualifications and responsibilities of agents who live and conduct business in the same state.
Discover what a return premium is, its significance, and how it affects insurance policies. Learn when and why it may be issued in cases of cancellation, rate adjustments, or overpayments.
Understand the concept of a Sole Proprietorship in the context of general insurance terms. Learn how a business owned and managed by one person is defined and functionally characterized.
Learn about the stacking of limits in insurance, a legal term that involves using the limits of multiple policies to cover a single claim or event. Understand when and how this can be applied.
Learn what a Superbill is in health insurance. It lists every service provided by a doctor, aiding in accurate billing and claims.
Discover what a Tabular Plan is in general insurance, how it functions through rating formulas from various tables, and its significance in insurance rating systems.
Understand the nearly obsolete three-fourths value clause, which restricts insurers from paying more than three-fourths of the cash value of the insured property.
Learn about the Trial Work Period under Social Security, a method allowing injured or disabled workers to reenter the workforce without losing disability income benefits for up to nine months within a five-year period.
Explore the concept of 24-hour care coverage which combines work-related and non-work-related benefits to offer continuous protection for illnesses and injuries.
Learn about Acceleration Life Insurance, a policy feature that allows the insured to access a portion of the death benefit before death for certain medical costs.
Learn about Additional Living Expense coverage in homeowners insurance, which reimburses expenses for temporary living arrangements due to covered incidents such as fire or water damage.
Learn about basic form rates in property insurance, including the combined Group I and Group II rates as defined under the commercial lines program.
Civil wrong, or tort, involves acts against another person or their property, including the breach of contract terms. Learn about its significance in general insurance.
Explore the concept of cooperative insurance, a policy typically issued by associations such as trade unions, and discover how it functions in the realm of general insurance.
Explore the concept of deposition in legal terminology. Learn what a deposition is, its role in court cases, and the process involved as part of witness testimony.
Learn about depreciation in general insurance, a loss in the value of property due to wear and tear, usage, or obsolescence. Understand how it impacts your insurance coverage and claims.
Learn about direct loss in property insurance, including how it is defined and examples such as flood damage.
