# 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
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.
Learn about precertification authorization in general insurance, its importance, and how it helps in managing treatment costs effectively.
Learn about premium discounts in general insurance, including how policyholders benefit by paying premiums in advance and the impact on workers' compensation or general liability policies.
Learn what a Primary Care Network (PCN) is in health insurance, including the role of primary care doctors within a plan.
Discover how Pro Rata Distribution operates in general insurance, ensuring proportional payout based on the value of each insured item.
Learn about Products and Completed Operations Insurance, a crucial subline of general liability coverage for manufacturers and contractors. Discover how it protects businesses from claims caused by their products or completed operations.
Learn about Protection Class in Property Insurance, a critical rating determined by the Grading Schedule of Cities and Towns based on the level of fire protection.
Learn about providers in health insurance, including doctors, nurses, and groups who offer medical care and services.
Learn about proximate cause in insurance, a critical legal term that describes the primary cause that initiates a series of events leading to damage or loss to the insured person or property.
Learn about pure loss cost ratio in reinsurance, which represents the reinsurer’s losses in relation to the premiums received by the ceding company.
Learn about the term 'Rate' in general insurance, which signifies the cost of a specific insurance unit. Discover how it influences the premium amount.
Learn about reasonable and customary charges in health insurance, what they mean for your healthcare costs, and how they relate to provider charges and Medicare-approved costs.
Explore the concept of release in general insurance terms, including how it applies to claims and the documents used to terminate claims, such as lien releases in property scenarios.
Explore the legal doctrine of Res Ipsa Loquitur, the concept under which a person is deemed negligent if they had total and sole control over circumstances leading to an injury.
Learn about reserves in general insurance terms, including how insurers use these funds to cover debts and specific purposes.
Learn about retention in health insurance and reinsurance, including its impact on administrative costs and the amount of insurance retained by the ceding company.
Learn about Retrospective Rating, a unique insurance plan used by large entities where the final premium is calculated based on actual loss experience.
Learn about return commission in general insurance, a situation where a portion of the commission is returned if a policy is cancelled before the entire premium is earned.
