Experienced Morbidity
Definition of "Experienced morbidity"
Actual morbidity experience of an insured group as compared to the expected morbidity for that group.
Popular Insurance Terms
Coverage for dispensers of alcoholic beverages against suits arising out of bodily injury and/or property damage caused by its customers to a third party. Establishments covered include ...
Flat dollar amount added to arrive (premium rate per $1000 of face amount x face amount) at the premium. ...
Limited pay whole life policy under which all premium payments have been made. For example, a 20 pay policy is completely paid for after 20 payments; no future premiums have to be made, and ...
Coverage on an all risks basis through an endorsement to a business property insurance policy in which each sign is specifically scheduled, subject to the exclusions of wear and tear, and ...
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Insurance transactions conducted across national boundaries. Such transactions occur when the insurance company sells insurance outside the country of the company's domicile. ...
Authority derived from an agent's contract with an insurance company. ...
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