Learn about leasehold interest insurance, a property insurance form covering lease income loss due to property damage from insured perils. Essential for landlords and tenants.
Learn about legend drugs, which are medications that require a prescription according to federal law. Understand their significance in health insurance.
Explore the concept of legislated coverages in general insurance, covering essential protections like Flood Insurance and Medicare. Understand how laws influence these mandatory insurance policies.
Understand the importance of license and permit bonds, mandated by governing jurisdictions to ensure compliance in various occupations, such as plumbers.
Learn about Life Paid Up at Age (Life Insurance), a policy offering lifetime coverage with premiums that stop at a predetermined age, securing lifelong protection without lifelong payments.
Learn about the liquidation of an insurer, a process undertaken when an insurance company can no longer meet financial obligations and faces unavoidable dissolution.
Learn about livery use in vehicle insurance, where rented vehicles are used to carry passengers, and why it's commonly excluded from standard automobile insurance policies.
Understand the concept of a Living Benefits Rider, a significant health insurance rider offering long-term care benefits for terminally ill insured individuals when attached to a life insurance contract.
Understand the Major Hospitalization Policy in Health Insurance, which offers extensive coverage for expenses incurred from the point of hospitalization. Learn how this policy helps in mitigating healthcare costs.
Learn about the master contract in pensions, which is the agreement provided to employers for their employees under a group contract. Explore its significance and implications.
Learn about Maxi Tail in liability insurance—a crucial option providing extended reporting period for claims post expiration of a claims-made liability policy.
Learn about the maximum retrospective premium, a crucial component in liability and workers' compensation insurance. Understand how this concept affects your insurance premiums and financial planning.
Discover what medical supplies are deemed necessary for the treatment of illnesses or injuries and how they are covered under health insurance policies.
Medicare is a government-run and funded health insurance plan that covers hospital and medical costs for individuals typically older than 65. Learn about Part A and Part B options.
Learn about mixed insurers/companies in the insurance domain. Understand their structure of being owned by both stockholders and policyholders, and their scope in writing both life and health contracts.
Explore the ins and outs of a Modified Endowment Contract in Life Insurance. Understand how it operates, its unique properties, and the tax implications involved.
Explore comprehensive definitions, etymologies, synonyms, antonyms, facts, quotes, government regulations, references, and quizzes related to insurance terms. Ideal for professionals, students, and enthusiasts.