Record Keeping

October 6, 2023 4 min read Definitions

Understanding the Iron Safe Clause in Property Insurance

Insurance Risk Management Legal Clauses Property Insurance Iron Safe Clause Insurance Terms Record Keeping Risk Management

Learn about the Iron Safe Clause in property insurance, which requires the insured to maintain records in a secure, fireproof safe for documentation and verification purposes.

October 4, 2023 4 min read Definitions

Understanding Plan Year in Pensions: Definition and Importance

Finance Retirement Planning Accounting Pensions Plan Year Retirement Planning Record Keeping Financial Year

Learn about the significance of the Plan Year in pensions, a 12-month period for keeping plan records, which can follow a calendar year or fiscal year.

October 3, 2023 4 min read Definitions

Ordinary Register (Life Insurance): Essential Record Keeping for Agencies and Insurers

Insurance Financial Services Risk Management Insurance Life Insurance Ordinary Register Policy Management Record Keeping

Discover the significance of the ordinary register in life insurance. Learn how it operates as a crucial record book for listing data on ordinary policies within an agent's account.