Learn about the standard premium in liability insurance and workers compensation. Understand how it is calculated based on the insured’s payroll and its significance in determining premiums.
Discover the role of a state agent in the insurance industry, a term historically referring to an agent who operates exclusively within specific states.
Learn about the role of state associations of insurance agents in promoting agencies and addressing common problems within the insurance industry.
Learn about State Funds in general insurance, including their role in financing legally mandated insurance such as workers compensation.
Discover the definition and importance of the statute of frauds in contract law. Learn which contracts must be written to be legally enforceable.
Learn about Storekeeper’s Burglary and Robbery Insurance, a package policy that provides storekeepers with coverage against seven key criminal hazards, ensuring protection for their business.
Learn about the Storekeeper’s Liability Policy, a comprehensive insurance package covering property damage and bodily injury liability for storekeepers. Essential for everyday business operations.
Learn about sub agents in general insurance. Discover their roles, responsibilities and how they differ from direct agents in the insurance ecosystem.
Understand the meaning of a Subscriber in Health Insurance. Learn who is eligible for enrollment and who pays the premiums.
A comprehensive guide that explains the necessity and importance of the Summary Annual Report, a mandatory document sent to each pension plan participant annually.
Learn about the supplemental extended reporting period in claims made liability policies, which extends the time frame for filing claims.
Learn about surplus lines in insurance, referring to risks that cannot be insured by agents within their jurisdiction. Explore regulations and the role of surplus lines insurers.
Learn about Surplus Reinsurance, an automatic reinsurance type where the ceding company transfers risks exceeding their retention limit. Explore its functions and benefits in risk management.
Learn what it means to surrender a life insurance policy, the financial implications of cash value, and what policyholders need to consider.
Learn about securities in general insurance terms, including their definition as evidence of ownership of a stock, bond, or debt.
Learn about self inflicted injury in health insurance, its implications, and what it means for policy coverage and claims.
Explore the definition of slander in legal terminology, a statement that is injurious to the person it was said about. Learn about the implications and penalties associated with slander.
Learn about the standard provisions mandated by state law that are included in all life and health insurance policies. Discover how these provisions ensure consistency and compliance with regulations.
Learn about the statute of limitation, the time limit a person has to initiate legal action. Understand its importance in the legal field.
Learn about 'Salvage' in general insurance, where insurers take over property to minimize losses and understand its role in the insurance industry.
Understand Sickness Insurance, also known as Health Insurance, which covers losses caused by illness or disease. Learn about its benefits, coverages, and considerations.
Learn about the definition and implications of sublimits in general insurance policies. Discover how sublimits function and what they mean for policyholders.
Learn about subordination in surety bonds, a process where a particular matter is given less importance compared to another. Discover its implications in the insurance domain.
