Commission Of Authority

Definition of "Commission of authority"

Powers of an agent delegated by an insurance company and shown in the form of a document.

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Bond whose interest is free of federal, state, or local tax in the state of the issuer. It is typica ...

Conservator

Court-appointed or commissioner of insurance-appointed custodian to manage the affairs of an insuran ...

Experience Refund

Return of a percentage of premium paid by a business firm if its loss record is better than the amou ...

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What is a subdivision? What is a basic policy? Do I need Life Insurance? What is Loan Amortization? What do I need to know about Term Life Insurance?