Examination


Definition of "Examination"

Kari Trail Butz
  RE/MAX Encore

Same as term Convention Examination: audit of the convention blank (NAIC Statement Blank) every third year as to all of the financial activities of a company; company claim practices; and general policyowner relations.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Marketable Title

Title leaving no question as to who the owner is. It is the title which a reasonable buyer, knowledg ...

Common Area

Space that is available to all tenants or owners, such as a courtyard, main entrance, elevator, and ...

Carrier

Insurance company that actually underwrites and issues the insurance policy. The term is used becaus ...

Strike-through Clause (cut-through Clause)

Provision that holds a re-insurer liable for its share of losses even if the ceding company becomes ...

Portfolio Runoff

Process of the continual reinsurance of a ceding company's portfolio of insurance policies. All prem ...

Income Option

Choice or choices the annuitant has in deciding how income is to be received from an annuity. ...

Related Real Estate FAQ

How Much Will My Principal Be?

This calculator figures your principal balance after any number of payments. Input the beginning pri ...

What Is A Private Mortgage?

Private mortgage insurance is insurance that protects mortgage lenders against default on loans by p ...

What Is A Mortgagee?

A morgagee is the lender. ...

What Is A REALTOR®?

A REALTOR® is an agent or agency that belongs to the local or state board of REALTORS® and is affi ...

What Is An Origination Fee?

An origination fee is a fee paid to a lender for processing a loan application. ...

What Is A Down Payment?

A down payment is the money you pay up front for the purchase of a home. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

7 Tips for a First Time Homebuyer Should you Buy a Home with Cash? Short Sale Homes Rent or Buy - the pros and cons Build or Buy? That’s the Big Question

FAQ

What is commission? What is a subdivision? What is an inspection? What is a mortgage banker? What is homeowners association (HOA)?