Learn about legislative risk in general insurance and how changes in taxation laws can impact investments. Protect your financial future by understanding this important insurance term.
Learn about liability limits in liability insurance, which dictate the maximum benefit available for payout in a policy. Discover how they influence coverage and protection.
Learn about open debits in health and life insurance, where designated territories are left without an assigned insurance agent. Explore its implications and relevance within the insurance domain.
Discover what the Paid Claims Loss Ratio in Health Insurance is, how it’s calculated, and its importance. Learn the key components and implications for policyholders and insurers.
Learn what secondary coverage in health insurance is and how it helps cover charges not covered by a primary policy. Discover the benefits and importance of secondary health insurance coverage.
Learn about the Federal Deposit Insurance Corporation (FDIC), a federal agency that insures bank deposits up to $250,000 and ensures the stability of the financial system.
Explore the significance of the Life Insurers’ Conference, where life insurance providers exchange insights on management and address important management issues.
Learn about viatical settlements in life insurance, where terminally ill policyholders receive a portion of death benefits ahead of time by transferring policy rights.
Learn about the waiting period in health insurance, also known as the elimination period. It is the time between the start of a disability and when benefits begin.
Understand Aviation Trip Life Insurance, a policy designed to cover the insured’s life for the duration of a specific flight. Learn why it can be essential for frequent flyers and travelers.
Learn about claims reserve in general insurance, a crucial fund designated to cover insurance claims that have occurred but have not yet been settled to ensure financial stability and policyholder trust.
Learn about elective benefits in health insurance. Discover how specific injuries, such as dislocations, can be covered by a lump sum payment instead of installments.
Learn about an Excess Plan in pensions, a retirement funding strategy that includes the impact of social security benefits. Understand its importance and how it can affect your retirement planning.
Learn about involuntary unemployment insurance, a coverage that supports policyholders by paying creditors in case of job loss due to layoffs, strikes, or lockouts. Secure financial stability during unexpected unemployment.
Discover the importance of a motor vehicle record in vehicle insurance. Learn how traffic violations and accidents impact your driving history and insurance premiums.
Learn about prepaid legal service plans within pension benefits, which provide employees with access to legal services. Understand how these plans work and their benefits.
Understand what Priority (Reinsurance) means in the insurance industry. Learn that it is another term for retention and its significance in reinsurance agreements.
Explore comprehensive definitions, etymologies, synonyms, antonyms, facts, quotes, government regulations, references, and quizzes related to insurance terms. Ideal for professionals, students, and enthusiasts.