Learn about claims reserve in general insurance, a crucial fund designated to cover insurance claims that have occurred but have not yet been settled to ensure financial stability and policyholder trust.
Learn about the role and responsibilities of the Commissioner of Insurance, the primary state-level regulator dedicated to protecting policy owners' interests.
Understand the legal reserve in liability insurance, the minimum amount needed as per the laws to keep the policy in force. Learn the significance and application in various regions.
Explore what quasi-insurance institutions are, how they operate, and their role in the insurance industry. Learn about government-created entities that function like private insurance companies.
Explore the Average Earnings Clause in Life Insurance, outlining how disability payments can be adjusted based on beneficiary income. Vital information for the first two years post-disability payments.
Learn about the Family Automobile Policy (Vehicle Insurance), which provides coverage for injury or property damage to another person, the policyholder's injury, and vehicle damage. Discover why it has been widely replaced by personal automobile insurance policies.
Discover what first party insurance entails, how it safeguards policyholders by covering their property or self, and why it's crucial in risk management.
