# 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
Understanding Partial Loss in insurance: A loss that does not completely devalue or destroy the insured's property.
Learn about what it means to be a party in interest in the context of pensions, including the roles of medical professionals and employees responsible for establishing pension plans.
Explore the concept of Past Service Liability, the starting value of a pension plan that consists of annuity credits vested before the effective date, and understand its implications in pension management.
Discover Paymaster Robbery Insurance and how it safeguards against the loss of payroll funds due to robbery by the responsible custodian. Get in-depth insights into the benefits, coverage, and more.
Learn how a payment bond (Surety) guarantees that contractors will provide and pay for labor and materials on a project, protecting property owners from liabilities.
Understand the role of Peer Review Organizations (PROs), where physicians hired by the federal government review services provided to Medicare subscribers by Medicare-approved facilities.
Learn about the per capita distribution method in life insurance, where a beneficiary's portion of an estate is shared equally among all their heirs.
Learn about the per cause deductible in health insurance, a requirement that benefits are only paid after the deductible for each incident is met, and how it impacts your coverage.
Learn about Per Risk Excess Reinsurance, where the insurer pays losses up to a specific limit, and the reinsurer covers the remaining loss up to the agreed limit.
Learn about ‘Peril’ in General Insurance terms, a potential cause of loss, and how it impacts your insurance policies. Essential knowledge for insurance education and risk assessment.
Personal Injury Protection (PIP) in vehicle insurance offers no-fault benefits in certain states, covering loss of income, medical costs, and accidental death. Learn about the essentials of this crucial insurance term.
Explore the concept of pilferage in general insurance terms, particularly in marine insurance forms. Learn what pilferage means and how it applies to theft of items of little worth.
Learn about 'Policy Anniversary' in general insurance terms. Discover its significance and where to find this crucial date in your insurance policy documents.
Understand the concept of Policy Year Experience, a method of assessing premiums earned and losses experienced during a 12-month policy term. Essential for anyone interested in general insurance terms.
Understand the mechanics of a Postdated Check Plan in life insurance, where premiums are paid via postdated checks. Explore how these plans work and their benefits.
Explore the concept of postmortem dividend in life insurance, a dividend paid out to beneficiaries after the insured person’s death. Learn its significance and implications in life insurance policies.
Learn about power interruption insurance, a critical policy that protects property owners against losses caused by power failures due to specified hazards.
Explore the essential aspects of power plant insurance, a specialized form of property insurance that protects power plants against various hazards specified in the contract.
Learn about the term 'Premises' in general insurance, which refers to the physical location covered by a policy. Understand what constitutes premises in property insurance for better coverage insights.
Learn about the term 'Primary Insurer' in reinsurance, also known as the ceding company. Understand their role in transferring risk to reinsurers.
Learn what a probate bond (surety) is and its role in protecting assets during estate administration, as sometimes mandated by probate court.
Learn about the term 'Producer' in general insurance terms, which refers to a person who sells insurance, such as an agent.
Understanding Product Recall Insurance, a type of liability insurance that covers the costs involved in recalling defective or possibly defective products made by the insured.
Learn about the Prohibited List, also known as the undesirable list, which includes risks that insurers will not cover. Essential for understanding exclusions in general insurance.
