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Premium income divided by the surplus account.
Market in which buyers dominate trading and force financial asset prices up. ...
In property coverage, ratio of the amount of insurance to the value of an insured property. This rat ...
An object or action which is authorized, approved, and not prohibited by law. The concept of a lawfu ...
Method of construction where part of the structure is supported by a cantilever beam or truss. ...
Substance or material used at the top of a chimney at the roof to inhibit the development of moistur ...
Same as term Excess of Loss Reinsurance: method whereby an insurer pays the amount of each claim for ...
A person authorized to work on anothers behalf-for instance, a person authorized to sell or buy a ho ...
Escrow is a trust account created by a neutral third party to hold money for the seller or buyer. Wh ...
A type of mortgage in which the interest rate is keyed to a certain economic index and is adjusted a ...
A commitment letter is a formal offer of a loan by a lender. The letter states the terms under which ...
A lifetime rate cap is an adjustable-rate mortgage (ARM), this cap limits the amount the interest ra ...
An inspection is a close and thorough examination of a house and property. A licensed individual usu ...
