Nonprofit Insurer

Definition of "Nonprofit insurer"

Company formed and operated without the profit motive as its normal business objective; normally sells and services health insurance policies.

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Third Party

Person or business indirectly having an interest in an occurrence, transaction, or situation. ...

11TH District Index

A cost of funds index that most adjustable rate mortgages written in California in recent years are ...

Interest Rate Cap

Upper limit on the maximum possible interest rate an insurance company will pay. If the market inter ...

Closing

Legal process of transferring a piece of real estate to a buyer. Typically it occurs in the office o ...

Flexible Premium Deferred Annuity (fpda)

Contract sold by an insurance company under which the premium payment frequency (monthly, quarterly, ...

Asset Sufficiency Or Insufficiency

Computation of the asset share value, surrender value, and reserve and the comparison of the three c ...

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