# 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
Explore the definition and criteria of mobile equipment in liability insurance, including qualifications for land vehicles not registered as motor vehicles and primarily used off public roads.
Learn about Modified Adjusted Gross Income (Pensions) which combines an employee's adjusted gross income with tax-exempt interest for a tax year, playing a crucial role in pension planning.
Learn about morale hazard, a concept in general insurance describing the risk arising from an insured's attitude towards their belongings. Explore how it affects insurance policies.
Explore the concept of mortality savings in life insurance, which is determined by subtracting actual mortality experienced from expected mortality. Learn how it impacts insurance policies and premiums.
Learn about the mortality table in life insurance, which displays the frequency of death at particular ages, along with deaths by age group and based on a population of a million.
Learn about the role of a Mortgagee in Property Insurance, including key responsibilities and how they impact the loan process.
Learn about Multiple Employer Trusts (METs) where small employers within the same industry pool together to purchase group insurance at reduced costs or establish self-funded plans.
Explore the Multiple Location Rating Plan in property insurance, a strategic plan for commercial clients operating from multiple locations. Learn how it offers credits and reduces hazard through asset distribution.
Discover the concept of Natural Premium in life insurance, which represents the mortality cost for one year. Learn how it impacts your insurance policy.
Dive into the concept of Net Level Premium in life insurance, which represents the pure cost of the policy spread over its term. Learn how it is calculated and its significance.
Learn about net retention in general insurance— the portion of risk that a ceding company retains and does not reinsure to another party.
Discover what nonprofit insurers are in the health insurance domain. Learn how they provide medical expense reimbursement coverage and their regulatory framework.
Learn about nurse fees in health insurance policies, a clause that allows reimbursement for amounts paid to independent nurses. Discover how this impacts your healthcare costs.
Explore the concept of occupancy in property insurance. Learn how the use of a property can affect insurance policy rates and why it is important.
Explore the concept of Offset Rider in health insurance, including how it reduces benefits by accounting for the insured’s social security benefits.
Learn about the Ordinary Life Pension Trust—how it funds through life insurance contracts, offers death benefits to employees, and transitions to retirement benefits.
Learn about ordinary payroll in property insurance, which encompasses payroll expenses for all employees except executives, contract employees, and company officers.
Learn about the concept of overriding commission in general insurance, where agents or brokers receive a commission on business sold by subagents. Explore its significance and impact in the insurance sector.
Learn about paid claims in health insurance, which are the amounts paid to health care providers under a health plan. Discover how these claims impact policyholders and insurers.
A detailed explanation of the term 'Payee' in the context of general insurance, defining a payee as a person receiving money.
Learn about personal surety (surety) where an individual guarantees another person’s acts, differentiating from corporate entities in the surety field.
Learn about the term 'Policy' in general insurance terms, referring to the contract that begins insurance coverage and any attached forms.
Learn what a policy lapse is in general insurance terms, which occurs due to non-payment of the premium due. Discover the implications and how to avoid lapses.
Explore the pre-licensing education requirement in the insurance industry, which mandates completion of an education course before applying for an insurance license.
