Population Decrements

Same as term Expense Allowance: payment to an insurance agent in addition to commissions. Expense allowances, that differ from company to company, vary with the amount of business agents ...

Sum total of all assets owned by the decedent to include personal property, real property, and trust property. ...

Same as term Excess of Loss reinsurance: method whereby an insurer pays the amount of each claim for each risk up to a limit determined in advance and the reinsurer pays the amount of the ...

New rule entitled "Accounting and Reporting for Reinsurance of Short-duration and Long-duration Contracts," which requires the insurance company to report all assets and liabilities ...

Policy purchased by the insured from a nonadmitted insurer. This policy can be purchased directly from the insurer by the insured. ...

Professional designation earned after the successful completion of six national examinations given by the insurance institute of America (IIA). Covers such areas of expertise as premium ...

Determination that investments by parents in their children's education through the purchase of Series EE Savings Bonds, which generate interest income, are tax-exempt if the proceeds are ...

Clause in a reinsurance policy that excludes the reinsurer's liability for losses occurring after a stipulated date. ...

Prospective insured who completes and signs a written form containing personal statements about himself/herself. ...