Conservator
Definition of "Conservator"
Court-appointed or commissioner of insurance-appointed custodian to manage the affairs of an insurance company whose management is deemed unable to manage that company in a proper fashion. Usually such a company faces insolvency prior to the appointment of the conservator.
Popular Insurance Terms
Refusal by an insurance company to underwrite a risk. ...
Coverage for business risks including goods in transit, fire, burglary, and theft. A common example is the COMMERCIAL PACKAGE POLICY (CPP). ...
Method of operation. ...
Policy under which the insurer will pay the actual cash value of the property at the time the property was damaged or destroyed provided the loss falls within the limitations of the policy. ...
Decrease in value of property as the result of technological advancement and/or changing social mores. This factor is used to measure the amount of depreciation in determining the actual ...
Wrongful inaction; failure to act; inactivity. ...
Investments made in a variety of securities issued by government agencies. ...
Time period in health insurance that must elapse between a previous illness and a current one, if the current one is to be considered a separate illness eligible for a new set of benefits. ...
Inability of the insured to perform any and all important daily duties of that insured's occupation. ...
Have a question or comment?
We're here to help.