Insurance Terms Dictionary Online. The definitions in this glossary are developed by the naic research and actuarial department staff based on various insurance references. An accident, including accidental damage by forces of nature which brings a contract of insurance into play.
Glossary of insurance terms actuary a professional trained in the mathematics of insurance and risk management, including the calculations of premiums, policy reserves and other values. English>french insurance dictionary (en>fr) entries: The term refers to the fact that the company carries (or assumes) certain risks for the policyholder.
A Number Representing The Likelihood Of Loss, Assigned To Insurance Applicants, Based On Credit History.
The term property insurance includes many lines of available insurance. Casualty liability or loss resulting from an accident. Accelerated death benefits a life insurance policy option that provides policy proceeds to insured individuals over.
A Captive Agent Represents Only One Company.
The term refers to the fact that the company carries (or assumes) certain risks for the policyholder. Agent the insurance company representative who sells policies on behalf of the insurer. [noun] the business of insuring persons or property.
Coverage By Contract Whereby One Party Undertakes To Indemnify Or Guarantee Another Against Loss By A Specified Contingency Or Peril.
1860 258 0000, 1860 425 0000. Insurancedict.com is an insurance dictionary with short articles on popular insurance terms and phrases.insurance has become integral part of our modern life, and most people have at least one insurance policy.in the western societies homeowners have home insurance, car drivers are obligated to buy a auto insurance policy, the. Property insurance provides coverage for property that is stolen, damaged, or destroyed by a covered peril.
The Glossary Of Aipso Terms Contains Terms And Acronyms Specific To Aipso And The Automobile Insurance Residual Market.
Also called yearly renewable term, it guarantees coverage for one year, and can be renewed annually at a higher premium or converted to a permanent life insurance policy. For example, the right to change from an individual term insurance policy to an individual whole life insurance policy. This page provides our customers with the ability to locate definitions for common aipso terms and insurance terms.
In Property Insurance, Coverage Lists Perils Insured Against, Properties Covered, Locations Covered, Individuals Insured, And The Limits Of Indemnification.
A flood, earthquake or other non preventable accident resulting from natural causes that occur without any human intervention. Commercial property insurance and homeowners’ insurance are two examples of property insurance. This page provides a glossary of insurance terms and definitions that are commonly used in the insurance business.