Learn about 'Replacement' in general insurance terms, where a new policy is written to take the place of an existing policy. Understand the implications and benefits.
Discover how the Reporting Form in Property Insurance enables insured individuals to update insurers on the fluctuating values of stocks, furniture, and home improvements, ensuring accurate coverage.
Learn about Retroactive Date in Liability Insurance, its significance in claims-made policies, and how it affects the coverage start date and claim eligibility.
In health insurance, the term 'revenue' is often used interchangeably with 'premium.' Learn about the importance of premiums and how they impact your health coverage.
Learn about the Risk and Insurance Management Society (RIMS): a pivotal group fostering education and communication among risk managers and insurance buyers in the insurance industry.
Learn about the Safe Driver Plan in vehicle insurance, where points are assessed for accidents and traffic violations, affecting your insurance surcharge.
Learn about the Securities Deposited with Others Coverage Form, a commercial crime policy that protects securities deposited with institutions or trusted individuals against loss due to disappearance, destruction, or theft.
Discover the essentials of a Self Administered Trustee Plan, a retirement plan managed by a trustee who handles contributions, investments, and benefit payments.
Learn about sinkhole collapse in property insurance, a peril caused by sudden earth movement into underground cavities. Understand coverage options available under commercial property forms.
Discover the meaning of 'Slip' in general insurance terms, especially within Lloyd's of London. Learn how brokers use slips to identify the syndicate that has accepted a risk and the submission process to Lloyd's underwriters.
Learn about Social Insurance, a legally mandated insurance scheme that ensures basic economic security for a population by providing coverage for loss of income due to illness, old age, and unemployment.
Discover the Society of Insurance Research (SIR) and its role in promoting insurance research and fostering the exchange of ideas among researchers in the insurance industry.
Learn about special peril insurance, a type of property insurance that only covers items specifically named in the contract. Understand its benefits and limitations.
Learn about the Special Personal Property Form, a former insurance policy that covered commercial risks contents against all perils, now mostly replaced by the Building and Personal Property Coverage Form.
Learn about the standard premium in liability insurance and workers compensation. Understand how it is calculated based on the insured’s payroll and its significance in determining premiums.
Discover the role of a state agent in the insurance industry, a term historically referring to an agent who operates exclusively within specific states.
Explore comprehensive definitions, etymologies, synonyms, antonyms, facts, quotes, government regulations, references, and quizzes related to insurance terms. Ideal for professionals, students, and enthusiasts.