Reinsurance Reserve (unearned Premium Reserve)
Definition of "Reinsurance reserve (unearned premium reserve)"
Fund in a segregated account to provide for the return of unearned premiums on policies that are canceled.
Popular Insurance Terms
Right of a policyholder, in life insurance with cash values, to continue full coverage for a limited period, as shown in a table in the policy, with no further premiums payable. ...
The term pro rata cancellation comes from the Latin term pro rata, which means in proportion or according to a certain rate. The term pro rata cancellation is used in the insurance business ...
Combination of the funds of many policyholders held in a single account and invested as a single entity. ...
Combination of the federal estate tax and the federal gift tax. ...
Method of payment of an insurance premium that allows an insured to regulate the amount and frequency of the premium payments in accordance with cash flow over a stipulated period of time. ...
Insurance coverage for pitfalls associated with travel. The coverage can be classified as follows: Trip Cancellation the travelers) must cancel the trip because of unforeseen circumstances ...
Incidents covered under workers compensation benefit. ...
Assets minus liabilities of the insurance company. ...
Insurance fund set up by most states to encourage employers to hire handicapped workers. Where workers with existing handicaps suffer further work-related injuries or diseases that result ...
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