Learn about Statutory Accounting Principles (SAP), the legally mandated principles insurers must follow when preparing financial statements for state insurance departments.
Learn about step-rate premiums in health and life insurance, including how they increase at predetermined times and their connection with policy terms.
Learn about stock in property insurance, including materials in the manufacturing process and merchandise items for sale. Essential information for businesses and insurers.
Explore the essential aspects of stop-loss insurance, a type of reinsurance for health plans or employer-funded plans, designed to safeguard against substantial financial losses.
Learn about supplemental medical insurance, a voluntary program that covers physician’s costs and outpatient care, and how it is structured under Medicare Part B.
Learn what a syndicate in general insurance terms is, how a group of insurers collaborates to insure high-value items or properties, and the benefits of achieving better coverage through this method.
Temporary disability benefits provide financial support for employees who qualify due to non-occupational disabilities. Learn about your rights and coverage according to health insurance regulations.
Explore Thaisoi, an ancient Greek institution that laid the foundations for modern health insurance and life insurance. Delve into its historical impact and influence on today's insurance frameworks.
Learn about the theft, disappearance, and destruction coverage form (Criminal) in commercial crime insurance. Explore how this coverage protects against the loss of money or securities due to theft, disappearance, or destruction.
Learn about Third Party Administration (TPA) responsible for accounting, reporting for qualified plans, and acting as the liaison between employers and insurers.
Learn about the role and rights of a third party beneficiary in insurance contracts. Understand how individuals not expressly named in a contract can still have legal rights.
Learn about the time of payment of claims provision in health insurance, which mandates that claims be paid immediately or within a specified number of days.
Learn about title insurance, a vital coverage for real property owners that safeguards against invalid ownership claims due to errors in title paperwork.
Discover the history and illegality of Tontine Policies in life insurance. Learn how these policies worked by paying dividends to surviving policyholders and why they were discontinued.
Learn about the term 'Transacting Insurance', which refers to the actual conducting of insurance business, including soliciting and negotiating contracts. Discover how this term varies depending on state laws.
Learn about travel accident insurance, a form of health insurance that covers losses due to accidents while traveling. Ensure your trips are safe and secure.
Learn about the trend factor in health insurance, a key element that accounts for increasing costs such as the inflation of doctor’s costs and healthcare services.
Learn about true group insurance, a type of group insurance policy issued with a master contract and certificates of insurance for each member. Understand how it differs from individual policies.
Learn about pension trustees, their roles, responsibilities, and the significance of being in charge of a retirement plan through a trust agreement with an employer.
Discover the term 'twisting' in insurance, where policies are misrepresented or wrong comparisons are made to persuade policyholders to change their existing policies.
Understand the term 'Ultimate Net Loss' in general insurance. Learn what it includes, such as legal rulings, settlements, and additional costs like medical and investigative expenses.
Explore comprehensive definitions, etymologies, synonyms, antonyms, facts, quotes, government regulations, references, and quizzes related to insurance terms. Ideal for professionals, students, and enthusiasts.