National Association Of Mutual Insurance Companies (NAMIC)
Largest property and casualty insurance company trade association in the world (international membership)whose objectives include the service of its membership through positive legislation information, education, and communication. The international membership is comprised of over 1,250 companies and celebrated its 100th year anniversary in 1995.
Popular Insurance Terms
Liquor liability legislation in 20 states under which a dispenser of alcoholic beverages is held responsible for bodily injury and/or property damage caused by its customers to a third ...
Accrediting body for the CPCU (Chartered Property and Casualty Underwriter) designation. The institute provides undergraduate and continuing education in property and casualty insurance ...
Record of losses and premiums received for accident coverage within a 12-month period. These statistics show the percentage of each premium received that is being paid out in claims and ...
Situation involving a chance of a loss or no loss, but no chance of gain. For example, either one's home burns or it does not; this risk is insurable. ...
Insured's income prior to the disability minus the insured's income after the disability. ...
Period, set by law, after which a damage claim cannot be made. Limits are set by individual states and usually range from one to seven years. ...
Health insurance that is not subject to alteration, termination, or increase in premium upon renewal. ...
Covers property damage and theft coverage in two areas not subject to a coinsurance requirement or a deductible. Coverage A. If the bank becomes liable for loss to a customer's property ...
In property and casualty insurance, contract section containing such information as name, description, and location of insured property; name and address of the insured; period a policy is ...
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