Associate In Claims Aic

Definition of "Associate in claims (aic)"

Professional designation earned after the successful completion of four national examinations given by the insurance institute of America (IIA). Covers such areas of expertise as the claims person and the public, principles of property, liability claims adjusting, property insurance adjusting, and liability insurance adjusting. Program of study is recommended for experienced adjusters, claims supervisors, and examiners who have in-depth knowledge of the claims area but have not undertaken formal study of the claims principles.

Search Real Estate Glossary

Related Real Estate Glossary terms

Loss Conversion Factor

Measure used in the retrospective rating method for workers compensation insurance. A factor is appl ...

Document

Any recorded materials including letters, photographs, inscriptions, text, reproducible computer fil ...

Income Replacement

Benefit in disability income insurance whereby an injured or ill wage earner receives a monthly inco ...

Bond, Blanket

Same as term Blanket Position Bond: covers all employees of a business on a blanket basis with the m ...

Interest Rate Floor

The lowest interest rate possible under an ARM contract. Floors are less common than ceilings. ...

Paid-in Capital

Sum received by an insurance company at the sale of its stock. This capital represents the interest ...

Related Real Estate FAQ

What Is Underwriting?

Underwriting is the process of evaluating a loan to determine whether the loan is a good risk. ...

What Is A Mortgagee?

A morgagee is the lender. ...

What Do I Need To Know About Homeowners Insurance?

It is where you live and where your possessions are. Chances are, it\'s your asset. But more than po ...

What Is A Subdivision?

A subdivision is a piece of land divided into several plots in which homes are built. ...

What Is A Spec House?

The textbook definition of a spec house is \"one built on a speculative basis, without an order on t ...

What Is A Fixed-rate Mortgage?

A fixed-rate mortgage is a type of mortgage in which the interest rate is fixed for the life of the ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

What Must I Disclose When Selling My Home? Home Prices - The Extra Costs 10 Tips for Homebuyers 3 tips to ensure your sale goes through Real Estate Open House - The Dos and Don

FAQ

What are prepayment penalties? What is a credit report? What is an annuity? What type of Life Insurance is right for me? What is a loan-to-value (LTD) ratio?