Learn about Statutory Accounting Principles (SAP), the legally mandated principles insurers must follow when preparing financial statements for state insurance departments.
Learn about step-rate premiums in health and life insurance, including how they increase at predetermined times and their connection with policy terms.
Learn about stock in property insurance, including materials in the manufacturing process and merchandise items for sale. Essential information for businesses and insurers.
Explore the essential aspects of stop-loss insurance, a type of reinsurance for health plans or employer-funded plans, designed to safeguard against substantial financial losses.
Learn about supplemental medical insurance, a voluntary program that covers physician’s costs and outpatient care, and how it is structured under Medicare Part B.
Learn what a syndicate in general insurance terms is, how a group of insurers collaborates to insure high-value items or properties, and the benefits of achieving better coverage through this method.
Learn about Subscriber Contracts in Health Insurance, which detail the benefits available to each registered individual. Ensure you know the key aspects of your health care plan.
Learn about the role and function of Salvage Corps in property insurance, aimed at minimizing property damage during and after a fire incident.
Learn about Section 125 plans in health insurance, a flexible benefit plan that allows pre-tax employee contributions. Discover how these plans can optimize your health benefits.
Explore what service benefits in health insurance mean, how they differ from traditional insurance plans, and the advantages they offer based on days of coverage.
Learn all about the short rate premium, its definition, and its implications in general insurance for policies issued for shorter terms than usual.
Learn about Short Term Disability Insurance, a type of policy that covers disabilities lasting from 13 to 26 weeks. Understand its benefits, coverage details, and how it fits within Health Insurance.
Explore the concept of Small Group Pooling in health insurance, where small businesses combine into one pool to achieve more accurate rates and improved coverage options.
Learn about Social Security Tax in Health Insurance, including how it functions, who pays it, and its role in funding social security programs.
Explore the concept of solvency in the insurance industry, which measures an insurer's ability to cover liabilities and meet financial requirements.
Explore the impact of a sonic boom on property damage and understand the coverage provided by homeowners and commercial property insurance for losses caused by shock waves from supersonic travel.
Learn about the concept of standard risk in life insurance, which refers to an average risk level based on typical rates. Understand its impact on premiums and policy considerations.
Discover how the statewide average weekly wage impacts workers compensation. Learn why it is updated regularly and how it helps to determine benefit amounts.
Learn about subrogation, a legal principle allowing an insurer to assume the rights of the insured to collect from a third party. Discover its applications and exceptions in insurance.
Learn about subrogation release in general insurance - a mechanism where the insurer gains the insured's rights to collect from an entity responsible for the loss. Understand its implications and how it operates.
Learn about swap maternity in health insurance. Understand how pregnancy coverage works under a group health plan and what happens if the plan terminates.
Learn about a solicitor in general insurance, their responsibilities, licensing requirements, and limitations in issuing coverage.
Learn about the subrogation clause in general insurance, which enables insurers to take action against liable third parties to recover losses paid out. Discover its function and implications for both insurers and policyholders.
Get a comprehensive overview of the Summary Plan Description (SPD) in health insurance, detailing all available benefits under a specific plan.
