Explore the concept of ex gratia payments in general insurance — voluntary compensation by insurers, not required by contract. Understand when and why these goodwill payments are made.
Learn about the term Excess Limit (Liability), which refers to the additional coverage provided by a policy that exceeds the basic limit. Discover its significance in secondary policies and liability protection.
Explore the concept of Excess of Loss Reinsurance, a crucial mechanism in the insurance industry that protects insurers from large-scale losses and financial risks.
Learn about exclusion riders in general insurance, attachments that eliminate coverage for certain hazards. Discover how they affect your insurance policy.
Learn about expected mortality in life insurance, including how the anticipated probability of death is determined using a mortality table for specific groups.
Learn about the concept of expense allowance in general insurance, which refers to payments made to insurance agents in addition to their set commissions.
Learn about expense constants in general insurance terms. Discover why these charges are added to premiums, especially in workers' compensation policies.
Learn about the concept of the expiration file in general insurance, which is a notation kept by agents or salespeople indicating the day on which insurance policies expire.
Learn about the expiration notice in general insurance, which provides insured individuals with alerts about the upcoming expiration of their insurance policies.
Learn about exposure units in the context of general insurance. Understand the definition, the significance of cash value, and the role of the premium base.
Learn about Extended Term Insurance in Life Insurance, a clause under many policies that allows for the continuation of existing insurance based on the contract's cash value.
Learn about Extension of Benefits in Health Insurance, a critical policy condition that offers extended coverage for non-working employees or hospitalized dependents.
Learn about the Face of a life insurance policy which is typically the first page detailing essential information and terms. Understand its components and significance.
Explore facultative reinsurance, a type of reinsurance where the reinsurer can accept or reject individual policies presented by the insurer. Learn how it works and its benefits.
Understand how a Farmers-Ranch Owner’s Policy offers tailored coverage for farm residences, barns, stables, and more, making it a superior option compared to standard homeowners insurance.
Learn about the Federal Crime Insurance Program administered by the U.S. government, helping individuals and businesses secure crime insurance when it is otherwise unavailable. Covering residential and commercial risks in various states.
Learn about the term 'Field' in general insurance. Discover how it categorizes insurance types like health insurance and refers to regions served by agents.
Discover how fire maps are utilized in property insurance to visualize covered risks and avoid catastrophic losses. Learn about the importance and utility of these maps for insurers.
Explore comprehensive definitions, etymologies, synonyms, antonyms, facts, quotes, government regulations, references, and quizzes related to insurance terms. Ideal for professionals, students, and enthusiasts.