Cafeteria Benefit Plan
Arrangement under which employees may choose their own employee benefit structure. For example, one employee may wish to emphasize health care and thus would select a more comprehensive health insurance plan for the allocation of the premiums, while another employee may wish to emphasize retirement and thus allocate more of the premiums to the purchase of pension benefits.
Popular Insurance Terms
Decision in the absence of a plaintiff or defendant at the specified court time. ...
Sum received by an insurance company at the sale of its stock. This capital represents the interest of the stockholders in the company. ...
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Salaries plus commissions plus overhead expenses plus office rent plus fees charged for memberships in industry associations and bureaus plus guaranty association assessments plus taxes ...
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Type of court bond filed on behalf of the defendant and used to release assets to him or her that have been attached pending a court decision. ...
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