Learn about the role of a Broker in general insurance, a person who acts on behalf of another to obtain insurance, and occasionally represent the insurer to collect premiums.
Learn the definition and implications of burglary, a felony crime involving forcible breaking and entering into someone else's property. Explore the legal aspects and consequences.
Discover the essentials of business insurance, including health and life coverage for company principals. Learn how it safeguards your business assets and personnel.
An in-depth explanation of Business Risk Exclusion in General Insurance, highlighting omitted coverage for sub-par products that fail to meet promised standards.
Learn about the coinsurance limit in general insurance terms, specifically the coverage mandated by the coinsurance clause in an open stock burglary policy.
Learn about the corridor in universal life insurance, its role in maintaining life insurance status for tax purposes, and its significance for policyholders.
Discover what currently insured status means under Old Age, Survivors, and Disability Health Insurance, and how it affects survivor benefits for dependents.
Learn about the term 'Debit' in general insurance, which refers to the outstanding premiums and areas managed by debit or home service agents. Gain insights into how it affects insurance collection practices.
Learn about the insurance deductible, a crucial aspect where insured parties pay a portion of the loss before the insurer covers the claim. Crucial knowledge for policyholders.
Learn about defined contribution pension plans where contributions are predetermined, with the benefit amount totaling the contributions. Discover how these plans impact retirement savings.
Explore the concept of Direct Written Premium in Liability and Property Insurance, which represents the collected premiums before deductions for reinsurers. Learn its significance in the insurance domain.
Learn about disability benefits, which provide financial support to individuals deemed partially or totally disabled. Explore policies and clauses in health and life insurance.
Learn about Disability Income Insurance, a type of health insurance that provides financial support when you are unable to work due to sickness or injury. Explore how it helps replace your regular income.
Learn about the concept of Discount in Pensions, a key financial term describing the difference between the future value and its present value calculated at a specific interest rate.
Learn about dividends in general insurance terms, where an insurer returns part of the premium paid by an insured for a policy or part of a surplus paid to stockholders.
A comprehensive guide to drug formulary in health insurance, detailing the list of approved prescription medications covered by the plan and available through affiliated pharmacies.
Explore the drug price review process in health insurance, using the American Druggist Blue Book to determine wholesale medication costs and set maximum drug prices.
Explore the importance of Druggists' Liability Insurance, which protects pharmacists from legal claims related to prescription filling errors and unfulfilled drug deliveries.
Explore comprehensive definitions, etymologies, synonyms, antonyms, facts, quotes, government regulations, references, and quizzes related to insurance terms. Ideal for professionals, students, and enthusiasts.