Joint Control
Definition of "Joint control"
Estate under the legal and administrative guidance of both the surety and the fiduciary. Any actions on the part of the estate requires the signatures of both in order to reduce the chances of fraud.
Popular Insurance Terms
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Payments made to the insured by the insurance company before the settlement date. For example, a claim is scheduled to be settled on June 1, 2000, but the insurance company pays the ...
Type of guaranteed insurance contract in which the term is fixed, the rate is fixed, and the contract owner does not participate in the insurance company's earnings. ...
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Measure of the sensitivity of the insurance company's liability for resultant higher mortality rates than charged for in the premium. ...
Relationship of gains from investments (including realized capital gains) resulting from insurance operations to earned premiums. ...
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