Learn about Alternative Dispute Resolution (ADR) mechanisms in health insurance, including PPOs and HMOs, designed to offer alternatives to the traditional fee-for-service model.
Learn about the American Council of Life Insurance, an important association that helps insurance groups exchange information and stay updated on legislative matters.
Learn what annuities are, their role in providing annual payments or regular payments for a specific period. Discover how this agreement can be a valuable financial tool.
Learn about appurtenant structures in property insurance, which refer to secondary structures on the insured premises. Understand their implications for your insurance policy.
Explore what Assessable Insurance is, how it works, and its implications in the realm of General Insurance. Learn about the key aspects of first and second premiums.
Learn about the Assumed Interest Rate in immediate variable annuities, how it is calculated, and its impact on the insurer's determination of initial income payment.
Discover the importance of an Automatic Reinstatement Clause in Property Insurance. Learn how it helps restore your original policy limit after partial loss claims.
Learn about aviation exclusion in life insurance policies, a clause noting non-coverage for incidents involving non-commercial flights such as small-plane crashes.
Understand the Basic Limits of Liability in general insurance, defining the minimum amount for which a liability policy can be written according to published rates or the law.
Explore the Beneficiary Clause in general insurance, allowing the insured to designate and change a beneficiary at any time. Learn its importance and implementation.
Learn about brokerage business in general insurance, where business is brought in by a broker to an insurance company. Understand the mechanisms and significance of brokerage business.
Learn about builder's risk coverage forms in property insurance, a specialized coverage for buildings under construction. Get complete insights into its importance and benefits.
Explore the concept of the Burning Cost Ratio in reinsurance, understanding its definition, calculation based on different reinsurance policies, and its crucial role in assessing insurer liabilities and premium income.
Learn about business interruption in liability insurance, its definition, and how it affects the daily operations of a business due to unforeseen losses.
Learn about Business Life and Health Insurance, a crucial form of liability insurance that assists businesses in funding day-to-day operations if a key person is lost.
Learn about Business Owner’s Policy (BOP), which provides comprehensive liability and property coverage tailored for small businesses. Ideal guidance for securing your business assets.
Learn about Care, Custody, and Control (Liability), a category often excluded from liability insurance policies, and understand why these exclusions exist.
Learn about Cargo Insurance, a type of Property Insurance that covers your cargo during transportation. Understand its benefits and how it can safeguard your valuables on the move.
Discover the definition of 'Carrier' in general insurance terms. Learn why 'Insurer' is more commonly used and the distinctions between insurance carrier and transportation carrier.
Learn about catastrophe futures, a financial instrument that insurance companies use to safeguard against large-scale future losses. Discover how this tool helps in risk management.
Explore comprehensive definitions, etymologies, synonyms, antonyms, facts, quotes, government regulations, references, and quizzes related to insurance terms. Ideal for professionals, students, and enthusiasts.