Learn about mysterious disappearance coverage in insurance, explaining how it differs from named perils like robbery and its implications for property disappearance cases that remain unexplained.
Learn about name schedule bonds (criminal), a fidelity bond that provides coverage for losses due to dishonesty by a specifically named employee. Essential for risk management.
Learn about the definition and implications of being a Named Insured within insurance policies. Discover who is listed, the protections offered, and scenarios where policy coverage extends to others.
Understand the concept of named perils in property insurance, which lists specific causes of loss that are covered on an insured property. Learn how this can affect your coverage.
Understand the diverse meanings of 'Net Premium' in general insurance, including premiums after agent commissions, expected future losses, and deducted dividends.
Learn about Net Worth in Surety - Discover the margin by which a company's assets exceed its liabilities in the context of surety bonds and financial health.
Learn about nominal damages in legal cases where the plaintiff's rights are acknowledged without proven losses. Understand their purpose and implications in law.
Learn about nonadmitted assets in general insurance, which are assets not qualified to be listed on insurance statements due to not meeting state requirements. Discover examples like furniture and fixtures.
Learn what a nonadmitted insurer is, how they operate without proper licensing in certain jurisdictions, and what this means for policyholders looking for insurance coverage.
Learn about nonadmitted reinsurance, its implications for ceding companies, and the importance of licensing in the jurisdiction where the business is conducted.
Learn about Noncancellable Health Insurance policies where the insured can maintain coverage by paying premiums, with guaranteed terms and unchangeable premiums.
Understand nonconfining sickness in health insurance, an illness that does not force the insured to remain indoors. Learn its definition and implications.
Explore the benefits and details of a noncontributory retirement plan, where the employer pays the full premium amount, ensuring a secure retirement for employees.
Learn about nonforfeitable benefits in pension plans, which are safeguarded entitlements that cannot be lost by the insured regardless of changes in employment status.
Understand what constitutes a noninsurable risk within general insurance terms. Discover why certain risks cannot be insured due to high probability of loss or inability to measure actuarially.
Learn about Noninsurance, a term referring to the complete lack of financial preparation for potential losses. Understand its implications in risk management and financial planning.
Understand the concept of Nonparticipating Provider Indemnity Benefits in Health Insurance, where coverage is provided for services by nonparticipating medical providers.
Discover the essentials of Nonqualified Plans in pensions. Learn how these employee benefit plans operate, their benefits, and unique features, including IRS filing exemptions and discrimination allowances.
Learn about the Omnibus Budget Reconciliation Act (OBRA) and its impact on health insurance, specifically in extending COBRA continuation coverage for disabled individuals from 18 to 29 months.
Learn about Omnibus Risk in Property Insurance, specifically how having several tenants conducting different businesses in the same building can impact insurance coverage and risk management.
Learn about open policy in property insurance including its definition, how it's used for goods in transit, and the benefits it offers. Understand the specifics of liability limits and premium payments.
Learn about out-of-area health insurance coverage, which refers to treatment provided outside the usual geographic coverage area. Get insights into how it works and what to expect.
Explore comprehensive definitions, etymologies, synonyms, antonyms, facts, quotes, government regulations, references, and quizzes related to insurance terms. Ideal for professionals, students, and enthusiasts.