Definition of "Insurer"
Company offering protection through the sale of an insurance policy to an insured.
Popular Insurance Terms
Circumstances in life insurance in which, although a minimum rate is guaranteed, a policyowner may earn additional (excess) interest, depending on the company's investment return. ...
Provision in property insurance that waives, under specified circumstances, the requirement for an inventory of undamaged property when a damage claim is filed. A coinsurance clause in a ...
Type of judicial bond under which a plaintiff is held liable for damages in the event of a false injunction. The objective of this bond is to protect the party who has been wrongly accused ...
Insurance coverage that protects a company's and/or individual's assets against financial loss resulting from acts of confiscation, expropriation, or nationalization by a foreign ...
Life insurance premium that is not currently due. Future payments are made on a frequency basis other than annual. ...
Insurance for which premiums are charged according to the size of the face amount of the policy, so that the greater the face amount, the lower the cost per $1000 unit of insurance. ...
Smallest face amount of life insurance that an insurance company will write on any one person. ...
Means of paying the cost of benefits of pension plan participants including retirement, death, and disability. ...
Source of loss that is covered under an insurance policy, such as a fire, and explosion, among others. ...
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