Definition of "American college"

(Formerly the American College of Life Underwriters) accrediting body for the CLU (Chartered Life Underwriter) and the ChFC (Chartered Financial Consultant) designations. Provides undergraduate, graduate and continuing education in life insurance and financial services courses on both a residence and correspondence basis. Courses include life insurance, pensions, economics, finance, investments, business evaluations, tax planning, and estate planning. The college, which also confers the Master of Science in Financial Services degree, is located in Bryn Mawr, Pennsylvania.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Insurance Terms

Law by which many states attempt to regulate insurers who are unlicensed in those states. With a few notable exceptions, such as re insurers, insurance companies must be licensed in the ...

Person who has the responsibility for examining the risk to determine whether or not to insure it. ...

Clause, generally found in business interruption insurance, that establishes the same indemnification basis as the coinsurance clause. ...

Mortality table that includes data only on people who have recently purchased life insurance. Experience shows that such people have a lower mortality rate in the years immediately ...

Distribution of a deceased beneficiary's share of an estate among that beneficiary's children. Contrast with per capita. ...

Coverage that is purchased to provide protection for a loss that has already occurred. The severity of the loss, however, is uncertain. ...

Funds receivable or payable that have not been paid in a timely manner, commercial credit insurance protects an insured against declines in the value of receivables due to insolvency of a ...

Excess funds above the amount required to establish legal reserves for the policies in force. These excess funds are generated as the result of mortality savings, excess interest earned on ...

Act of practicing law or providing legal advice without a license. ...

Popular Insurance Questions