Learn about retrocession in reinsurance, a transaction where a reinsurer cedes the reinsurance it has assumed to another reinsurer, diversifying risk.
Learn about the retrospective premium in general insurance, focusing on the last premium paid under a retrospective rating plan. Understand its significance and application.
Learn about Retrospective Rate Derivation in Health Insurance, where employers pay a fraction of health care costs and may receive refunds based on actual expenses.
Understand the concept of a revocable beneficiary in life insurance, including the ability to change or revoke this type of beneficiary designation.
Explore the intricacies of risk analysis in health insurance, where benefits and premiums are tailored to fit specific groups based on comprehensive analysis.
Learn about rollover contributions in pensions, a tax-free strategy to move funds from one qualified plan to another. Discover how to maintain tax advantages by rolling over your pension money.
Learn about the term 'Rate' in general insurance, which signifies the cost of a specific insurance unit. Discover how it influences the premium amount.
Learn about reasonable and customary charges in health insurance, what they mean for your healthcare costs, and how they relate to provider charges and Medicare-approved costs.
Explore the concept of release in general insurance terms, including how it applies to claims and the documents used to terminate claims, such as lien releases in property scenarios.
Explore the legal doctrine of Res Ipsa Loquitur, the concept under which a person is deemed negligent if they had total and sole control over circumstances leading to an injury.
Learn about reserves in general insurance terms, including how insurers use these funds to cover debts and specific purposes.
Learn about retention in health insurance and reinsurance, including its impact on administrative costs and the amount of insurance retained by the ceding company.
Learn about Retrospective Rating, a unique insurance plan used by large entities where the final premium is calculated based on actual loss experience.
Learn about return commission in general insurance, a situation where a portion of the commission is returned if a policy is cancelled before the entire premium is earned.
Learn about the Return of Cash Value provision in life insurance policies, which pays the face amount plus the cash value if the insured dies within a specified period.
Explore the Return of Premium clause in health insurance. Learn how it can benefit policyholders by returning the premiums paid, minus claims, under specific conditions.
A comprehensive guide to reversionary annuities, a unique life insurance contract that pays annuity benefits under specific conditions. Learn how it works, its advantages, and its application in life insurance.
Learn about riders in general insurance terms—a document attached to a policy that changes coverage parameters, either by increasing or decreasing benefits, or excluding certain conditions from coverage.
Learn about the runoff provision in reinsurance contracts, which ensures that reinsurers remain liable for losses under policies in force until expiration, even after contract termination.
Learn about the retainer clause in reinsurance and how it specifies the portion of insurance the ceding company retains.
Explore what a representative does in the context of general insurance, including their responsibilities and role as agents or salespersons.
Discover what a Rabbi Trust is in the context of pensions, its tax implications for employees, and why it is named after the first trust set up for a rabbi.
Explore the concept of rate discrimination in insurance, a practice now prohibited by state laws, which involved charging different rates to insureds with the same characteristics.
Understanding the rate of natural increase/decrease—calculated as the birth rate minus the death rate—without considering migration. Essential for insights in general insurance trends.
