Expense Reimbursement Allowance
Definition of "Expense reimbursement allowance"
Same as term Expense Allowance: payment to an insurance agent in addition to commissions. Expense allowances, that differ from company to company, vary with the amount of business agents place with that company and the need of the company to attract future business.
Popular Insurance Terms
Law by which many states attempt to regulate insurers who are unlicensed in those states. With a few notable exceptions, such as re insurers, insurance companies must be licensed in the ...
Person who has the responsibility for examining the risk to determine whether or not to insure it. ...
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Distribution of a deceased beneficiary's share of an estate among that beneficiary's children. Contrast with per capita. ...
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Act of practicing law or providing legal advice without a license. ...
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