# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Learn about the Midi Tail in liability insurance, an extended reporting period for claims made after a policy's expiration. Get insights on its five-year extension and specific conditions.
Learn about the Ownership Provision in Life Insurance policies, which allows a policy to be owned by someone other than the insured individual.
Dive into the concept of the policy fee in life insurance. Learn about its historical significance, its function as a flat rate charge, and its impact on initial costs.
Learn about the obligor (also known as the surety or principal) in the context of insurance and legal obligations. Understand their responsibilities and significance.
Learn about the Rule Against Perpetuities, a vital legal concept ensuring that trust beneficiaries get vested in property within 21 years to maintain validity.
Learn about the statute of limitation, the time limit a person has to initiate legal action. Understand its importance in the legal field.
Explore the Uniform Billing Code of 1992, a federal regulation that mandates the standardized itemization of hospital bills for services provided to patients.
Explore the concept of total disability in health insurance, a condition that prevents the insured from working in any capacity due to injury or medical condition. Learn how it varies across policies.
Explore what Total Loss means in general insurance. Learn how it's defined and its implications on insurance claims when property is completely destroyed.
Learn what a Transition Program is in Commercial Liability Insurance, including how it limits adjustments to premium amounts due to changes in the rating base.
Learn about uninsured motorist’s coverage in vehicle insurance policies, designed to protect you from damages caused by drivers without insurance, including hit and run incidents.
Learn about Uninsured Plans in pensions, which operate without being handled through an insurance product. Understand their implications and structure.
Explore the concept of utilization in health insurance, defined as the amount of use a health plan receives from a specific group of policyholders. Learn how it's measured and its impact on policy costs.
Explore the concept of values in life insurance, specifically referring to nonforfeiture values, and understand their role in policyholder benefits.
Learn about vicarious liability, a crucial legal principle where individuals or entities are held liable for acts committed by others under specific conditions. Essential knowledge for those in the insurance and legal fields.
Learn about voluntary reserves in the insurance sector, a type of reserve not legally mandated but crucial for financial preparedness and stability.
Explore the concept of Waiver in Insurance and Legal Terminology, including its applications, definitions, and implications for contracts, liabilities, and privileges.
Understand the concept of unearned premium reserve in the context of general insurance. Learn about its significance and how it is represented on an insurer’s balance sheet.
Learn about unearned reinsurance premium, the portion of the premium related to the part of a policy that has been reinsured.
Learn about Unfair Claim Settlement Practices Law, which comprises multiple state-level laws designed to protect individuals during the insurance claims resolution process.
Learn about the function and significance of uniform forms in general insurance, including their standardization and usage by rating bureaus.
Learn about the Unsatisfied Judgment Fund in vehicle insurance, a legal mechanism to aid individuals injured in car accidents who cannot collect compensation from the responsible party.
Learn about utilization management in health insurance, a vital method for assessing the need for various medical services to ensure appropriate care and cost management.
Understanding Vandalism and Malicious Mischief (VMM) in Property Insurance: Coverage, Definition, and Protection against intentional damage.
