Associate In Loss Control Management (alcm)
Professional designation earned after the successful completion of five national examinations given by the insurance institute of America (IIA). Covers such areas of expertise as accident prevention, property protection, industrial and environmental hygiene, principles of risk management and insurance, insurance company operations, and management. Program of study is recommended for individuals involved in the area of loss control.
Popular Insurance Terms
Proposal by Roger Kenney, an insurance journalist, that in order to maintain the solvency of a property and casualty insurance company, insurance premiums written should not exceed more ...
Expenses connected with resolving an estate to include medical expenditures, funeral expenditures, probate expenditures, estate taxes, legal fees, and other administrative expenditures. ...
Rules stating that, under the tax EQUITY AND RESPONSIBILITY ACTS OF 1982 AND 1983 (TEFRA), a plan can not discriminate in favor of key employees regarding contributions and benefits if ...
Provisions added to an original insurance policy that alter or modify benefits and coverages of the contract. For example, a homeowners insurance policy can be endorsed to cover a ...
Delivered insurance policy to the policyholder in which the policy's first premium has been paid, the application has been reviewed, and all policy parts completed. ...
Adjustment in property insurance to reflect increased construction costs. ...
Provision in a property, liability, or health insurance policy stipulating the extent of coverage in the event that other insurance covers the same property. ...
Effort by an individual to continue to receive disability income benefits by taking a continuing sickness or injury. ...
Coverage for all personal property, regardless of location of an insured and household residents, including children away at school. Written on an all risks basis, subject to excluded ...
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