Bear Market
Market in which sellers dominate trading and force financial asset prices down.
Popular Insurance Terms
Same as term Expiration: termination date of coverage as indicated on the insurance policy. ...
Broad excess protection for liability over the level of primary coverage or self insurance. Umbrella policies are written for both business and personal liability. For example, a personal ...
Measure used in the retrospective rating method for workers compensation insurance. A factor is applied to the incurred losses during the rating period in question in order to generate a ...
Change in the nature of an employer or other organization that sponsors a qualified pension plan. A qualified plan must guarantee vested benefits due to participants in the event of a ...
Mathematical premise stating that the greater the number of exposures, (1) the more accurate the prediction; (2) the less the deviation of the actual losses from the expected losses (X - x ...
Proof of death of the insured form filed with the insurance company establishing the rights of the beneficiary to the death benefit. ...
Inability of the insured to perform any and all important daily duties of that insured's occupation. ...
Insurance company's examination of an insured business's payroll records in order to determine the final premium due on a workers compensation insurance policy. ...
Provision of property insurance that establishes the amount for which an insured must be reimbursed for damaged or destroyed property according to the price a willing buyer would pay for ...
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