Fundamental
Basic requirements of an employee benefit insurance plan such as minimum age and years of service with an employer.
Popular Insurance Terms
Agent who is licensed and who markets and services insurance policies in a state in which he or she is not domiciled. ...
Type of mutual insurance company that requires a substantial initial premium payment. After the initial premium payment is made, future premium payments required will be paid from the ...
Factor considered in determining amount of life insurance to purchase in order that funds will be available to pay for a child's education expenses in the event of the premature death of ...
Model state law of the NAIC that stipulates minimum benefits that must be contained in the policy's 12 required provisions and 11 optional provisions. The most significant stipulations of ...
Stealing small amounts of property. Insurance coverage is available under a number of policies. ...
Figure in a mortality table derived by dividing the number of people dying during a given year by the number of people alive at the beginning of that same year. ...
Partial payment of medical service expenses required in group health insurance, in addition to the membership fee. For example, for each visit of a physician a member may be required to pay ...
Insurance sold by privately formed insurance companies with the objective of making a profit. ...
Coverage in liability insurance for a ship owner in the event of collision with another ship. A running down clause, when added to basic hull marine insurance, protects against liability ...
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