Learn about inspection in general insurance, a critical process involving the verification of facts about policyholders, claimants, or new applicants by a commercial agency.
Learn about the installment refund option in annuities, an option that ensures continued payouts even after the annuitant's death, until the purchase price is fully refunded.
Learn about insurance in force and its significance in health and life insurance policies, including the amount of policies to be paid out and yearly premiums.
Understand the significance of an insurance license, a state-issued document that authorizes individuals to operate as agents or insurers in the general insurance domain.
Learn about the term 'Insured' in general insurance terms. Discover who the policyholder or policy owner is and understand their role in an insurance contract.
Learn about insured plans for pensions, where an insurance company guarantees your retirement benefits. Understand the workings and advantages of such plans.
Learn about the features and benefits of an Integrated Plan (Pensions), a Treasury-approved pension plan that increases benefits through a specific formula. Discover how it works and its impact on retirement planning.
Explore the essential details about intermediate care in health insurance, including its definition, benefits, and how it differs from skilled nursing care.
Explore what an intervening cause is in legal terms, and how it is used as a defense against negligence charges by interrupting the chain of events to establish proximate cause.
Learn about Jewelers Block Insurance Policy, a specialized property insurance that covers the valuables of jewelers and those in their care or custody against potential losses.
Discover the concept of leader location in property insurance. Learn how this important term relates to business income insurance and how it affects dependent properties.
Learn about life insurance trusts, where a trust company is named as the beneficiary of a life insurance policy. Understand the benefits issued under such agreements.
Learn about the 'Limit of Liability' in liability insurance, which defines the maximum benefit an insurer is liable to pay. This crucial contract term can impact your coverage and financial protection.
Learn about Limited Payment Life Insurance, where premiums are only paid for a specified number of years but the coverage lasts for the insured's lifetime. Ideal for financial security and budgeting.
Learn about Limited Payment Whole Life Insurance, a policy that allows the insured to complete premium payments in a shorter timeframe compared to traditional whole life insurance.
Learn about limited theft coverage endorsement in property insurance that protects occupants who are not the owners. Explore its benefits and why it's essential for renters.
Understand the term 'Line' in general insurance, its various applications, and how it relates to specific types of insurance, policy grouping, and coverage amounts.
Discover what a line sheet is in the context of general insurance terms, and learn how it assists ceding companies in determining liability limits for various risks.
Explore the influential role of Lloyd's of London in the insurance sector, where separate insurers accept or reject risks presented by brokers. Discover the precedents set by Lloyd’s for the industry.
Explore the concept of Long Term Disability in Health Insurance, where disability conditions persist over a long period of time, and understand its impacts and coverage options.
Explore comprehensive definitions, etymologies, synonyms, antonyms, facts, quotes, government regulations, references, and quizzes related to insurance terms. Ideal for professionals, students, and enthusiasts.