International Insurance Seminars, Inc. (iis)
Definition of "International insurance seminars, inc. (iis)"
Annual meetings of insurance practitioners and academicians from throughout the world interested in exchanging ideas concerning the theory and applications of insurance. The meeting is held in a different part of the world each year.
Popular Insurance Terms
Actuarial equivalent method of calculating the premium rate through the development of the following equation: probability that the event insured against occurs x face amount of policy x ...
Latin for "Let the superior reply." That is, an employer is liable for the torts of employees that result from their employment. For example, an insurance company (the master) acts through ...
Excess coverage over the first layer of medical insurance to provide for catastrophic medical payments. The first layer may be either group or individual medical insurance, or an individual ...
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Means of paying the cost of benefits of pension plan participants including retirement, death, and disability. ...
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Initial premiums on all insurance policies in force (those policies that have not been cancelled or expired). ...
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