Commissioners Standard Ordinary Mortality Table (cso)
Table used in calculating minimum non forfeiture values and policy reserves for ordinary life insurance policies. These tables, which give minimum values that must be guaranteed to policy owners as approved by the national association of insurance commissioners (NAIC), depict the number of people dying each year out of the original population, not as individuals, but in age groups.
Popular Insurance Terms
Individuals other than the crew of a ship who forcefully steal the ship and/or its cargo. This event is an insured peril under ocean marine insurance. ...
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Risk distribution included by type of coverage, by kind of risk, and by geographical location. ...
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