Discover how Protection and Indemnity Insurance provides coverage for shipowners against negligence-related damages to crew or cargo. Learn about the scope and benefits of this specialized property insurance.
Learn about the role and functions of a regional office in general insurance, also known as a branch office, and how it operates within a particular geographic area, reporting to a home office.
Reimbursement in general insurance refers to the re-payment of an amount already paid by the insured. Learn how it works and what it means for your insurance claims.
Learn about Relative Value Unit (RVU) - a vital metric used in health insurance to determine surgical costs and values through multiplication with a conversion factor.
Learn about the concept of Removal in Property Insurance, an essential act of moving property to prevent loss or damage, covered by many property insurance policies.
Learn about the concept of renewals in general insurance, focusing on premiums paid toward a renewed policy. Understand how renewals work and their importance in maintaining continuous coverage.
Explore the definition of slander in legal terminology, a statement that is injurious to the person it was said about. Learn about the implications and penalties associated with slander.
Learn about the standard provisions mandated by state law that are included in all life and health insurance policies. Discover how these provisions ensure consistency and compliance with regulations.
Learn about the concept of 'Target Risk' in general insurance, which encompasses the prospective policyholders divided by race, age, sex, and other demographics. Explore its importance in the insurance industry.
Learn about the Basic Mortality Table, a tool used in general insurance that lists actual ages of death without probability adjustments. Understand its importance and application.
Learn about the brokerage department within an insurance company, including its role in placing insurance with brokers and its importance in general insurance operations.
Learn about the Business Income Coverage Form in Property Insurance, which provides coverage against losses due to property damage, including loss of business.
A comprehensive guide to the Cash Accumulation Method for comparing life insurance policies with identical death benefits, explaining how differences in premiums are accumulated with interest.
Learn about the concept of Degree of Risk in general insurance terms, representing the uncertainty and chance that reality may differ from predicted outcomes.
Explore the direct selling system in general insurance where insurers sell directly to the insured via employees. Learn about its methods including mail order services.
Learn about the entire contract clause in health and life insurance, which includes all parts of the agreement such as the application, endorsements, and conditions.
Learn about the General Agents and Managers Conference, an association affiliated with the National Association of Life Underwriters (NALU), comprising of distinguished agents and managers in the Health and Life Insurance sector.
Learn about the importance of the Identification Card in Health Insurance. This card is essential for identifying members of a health care plan and must be presented during medical services.
Learn about the market value clause in property insurance, which ensures the insurer pays the market price of destroyed property. Ideal for manufacturers with finished products.
Explore comprehensive definitions, etymologies, synonyms, antonyms, facts, quotes, government regulations, references, and quizzes related to insurance terms. Ideal for professionals, students, and enthusiasts.