Understand the term 'Settlement' used in insurance and legal contexts. Learn how settlements function as mutually agreed-upon agreements or payments between involved parties, and the potential requirement for court approval.
Understand the Sine Qua Non Rule in liability insurance, a critical principle that determines a person's liability based on whether a loss would have occurred regardless of their behavior.
Learn about the single premium funding method used in pensions, which involves saving money annually to fund future benefit payments. Understand how this funding approach works, its benefits, and its implementation.
Learn about Single Premium Whole Life Insurance, a policy paid with one payment at purchase, offering lifetime coverage. Discover its benefits and considerations.
Explore what a Social Security rider in health insurance entails and how it influences disability income policies by potentially providing extra benefits based on Social Security payouts.
Explore the concept of Special Power of Appointment in estates, where property interest is appointed by a donee. Learn its significance and implications in estate planning.
Understand what Split Limit in general insurance terms entails. Learn how these coverage amounts are divided according to the type of loss.
Learn about Spread Loss Reinsurance, a type of excess loss reinsurance where annual premium rates are based on the ceding insurer's past excess losses.
Learn about the standard class rate in health insurance, a vital component in calculating group demographic information by applying a base rate for each participant.
Learn about Subscription Policy in general insurance, where multiple insurers share a portion of the risk, ensuring greater coverage and risk diversification.
Learn about seasonal risk in the context of general insurance. Understand what it means for a risk to only exist during a particular time of the year.
Learn about Second Injury Fund, a state-established resource aiding partially disabled employees who sustain subsequent injuries, promoting hiring of handicapped or disabled workers.
Learn about Self Insured Retention (SIR), its implications, and how it affects the insured in assuming a fraction of a risk. Dive into the key aspects of deductibles and uninsured portions.
Learn about sidetrack agreements in liability insurance, where a property owner and railroad agree that the property owner won't hold the railroad liable for accident-caused losses.
Learn about Single Interest Policy in Property Insurance, which protects the interests of one party involved with a property. Explore the key aspects and significance of this type of policy.
Explore the concept of standard exception in workers compensation, where specific employees or classes are rated separately from the standard classification of a risk.
Learn about state death taxes, a tax assessed to beneficiaries receiving property from a deceased person, and how it impacts estate planning.
Learn about subsidence in property insurance, the shifting of the land on which the insured property is located, and its implications on your coverage.
Learn about the role of the Superintendent of Insurance, a title given to the head of an insurance department in certain states or provinces. Frequently referred to as a 'commissioner' in other regions.
Understand the sistership exclusion in liability insurance, preventing coverage of products withdrawn from the market. Essential insights for policyholders.
Learn about specific insurance policies, which provide coverage for a single property. Explore scenarios where specific insurance is primary when a blanket policy is also in place.
Learn the purpose and function of a surgi-center, a facility providing surgical services on an outpatient basis. Find out how it fits within the health insurance landscape.
Explore the essentials of Scheduled Premium Variable Life Insurance, a type of whole life policy with a fixed premium and guaranteed minimum face amount.
Learn about Special Multi Peril (SMP) liability insurance, a policy that combines multiple coverages into one, reducing the need for several contracts and offering customizable options for the insured.
