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.
Popular Insurance Terms
Special insurance that covers warehousers liability to customers whose property is damaged by an insured peril while in the custody of an insured warehouser. Policy deductibles may range ...
Date at which an insurance policy goes into force. ...
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in life insurance, difference between the face value of a life insurance policy and its cash value (also known as "pure amount of protection"). ...
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Risk that substantially fails to meet the requirements OF INSURABLE RISK. ...
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Period of time of insurance coverage. If a loss occurs during this time, insurance benefits are paid. If a loss occurs after this time period has expired, no insurance benefits are paid. ...
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