Learn about 'Rated' life insurance policies, which cost more due to the insured’s existing injuries or health conditions. Understand how rates are determined and what impacts your premiums.
Understand the importance of readjustment income in life insurance to support families after the loss of a primary wage earner. Learn how it facilitates financial stability.
Learn about realty, also known as real property, which includes non-movable property such as land, homes, and structures. A comprehensive guide to understanding this vital legal concept.
Explore the concept of recidivism in health insurance, focusing on the frequency with which insured individuals are readmitted to the hospital for inpatient treatment due to the same ailment.
Learn about reciprocity in reinsurance, where ceding companies and reinsurers engage in reciprocal insurance placement for mutual benefit.
Understand the concept of recurrent disability in health and life insurance, including its definition, implications, and how it affects policyholders. Learn how recurrent disabilities are managed within insurance frameworks.
Learn what a Regular Stock Option Plan entails, its benefits for company executives, and the tax implications when stock is purchased.
Learn about rehabilitation benefits under workers compensation, including physical and vocational rehabilitation to help injured workers return to the workforce.
Explore the concept of reinsurance assumed and learn about the premium amounts associated with the assumption of reinsurance in the insurance industry.
Discover the essential role of a Reinsurance Broker in placing risks for reinsurance on behalf of ceding insurers. Learn how these professionals ensure coverage continuity and risk management.
Learn about 'Rejection' in general insurance, which refers to an insurer's refusal to insure a given risk or the refusal to pay a submitted claim.
Explore the concept of representation in legal terminology, focusing on its importance in insurance applications. Learn how truthful declarations by potential insureds play a critical role.
Learn about residual income in health insurance, a crucial aspect of disability policies that provides benefits for partial disabilities. Discover how these stipulations work and their impact on policyholders.
Understand the 'Restoration of Benefits' clause in health insurance, which allows the insured's lifetime maximum benefit to be gradually restored annually after a claim.
Learn about retroactive conversion in life insurance. Discover how it allows the conversion of a term life policy to a cash value form with retrospective effect.
Learn about the role of a Risk Appraiser in Life Insurance. Discover how they screen applications, approve or decline policies, and recommend different options to applicants.
Understand the fundamentals of risk management in general insurance, including the assessment of potential losses and strategies to avoid, reduce, or transfer risk.
Learn about Risk Retention Groups, a type of liability insurer owned by policyholders sharing the same type of business and liability risks. Understand how they spread liability and finance liability differently.
Discover what a rate card is in general insurance— a small card provided to agents and sales representatives, listing rates for various coverages.
Learn about Reciprocal Insurance Exchange, a unique arrangement where unrelated individuals, known as subscribers, come together to insure each other, sharing the risk through an attorney in fact.
Learn about 'Remainder' in reinsurance, the amount of risk remaining after a ceding company deducts its retained portion.
Learn about Resource Based Relative Value Scale (RBRVS), a method used by Medicare to determine compensation for doctors, and its implications in the health insurance industry.
Learn about the radius of operation in vehicle insurance, which defines the area within which a vehicle is covered for business purposes. Discover how this impacts your coverage and claims.
Comprehensive guide on the Relation of Earnings to Insurance clause, explaining how disability income benefits are adjusted to the insured's earnings, with a refund on excess coverage.
