Group Credit Insurance
Definition of "Group credit insurance"
Coverage issued to a creditor on the lives of debtors for outstanding loans. If a debtor dies before repayment, the policy pays the remainder of the loan to the creditor. The contract covers an entire group of debtors rather than each debtor separately.
Popular Insurance Terms
Insurance coverages for businesses, commercial institutions, and professional organizations, as contrasted with personal insurance. ...
Policy provision that provides coverage for continuing payroll expense of all employees of an insured business (except for officers and executives) for the first specified number of days of ...
Life insurance company agency that sells ordinary life insurance and industrial life insurance. ...
Record of debit or industrial insurance policies. ...
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Company that provides access to the internet through electronic communications. ...
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Nonparticipating life insurance under which the first few annual premiums are smaller than would be the case under a traditional nonparticipating policy. While the maximum amount of these ...
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