Services Offered Policyholders
Definition of "Services offered policyholders"
Range of administrative and risk management services that can be purchased by an insured. Increasingly, insurance can be purchased unbundled so that policy-holders may pay for straight coverage without available services. However, some policyholders may want to purchase from the insurer additional services such as loss control, claims adjustment, captive management, or other services.
Popular Insurance Terms
Call on a prospective insurance buyer without a prior appointment. Many salespeople find this exercise the most threatening in their career development. Some observers attribute the ...
Individual or other entity who owns an insurance policy. Synonymous with policyowner. ...
Same as term Calendar Year Experience: paid loss experience for the period of time from January 1 to December 31 of a specified year (not necessarily the current year). ...
To transfer a risk from an insurance company to a reinsurance company. ...
Salesperson who markets and services insurance policies in the state in which he or she is domiciled. ...
Individual who has a contractual agreement with a policyowner. The agent of record has a legal right to commissions from the insurance policy. ...
Trade group of independent claims adjusters who settle claims for insurance companies on a fee basis. Some insurers use their own staff adjusters to settle a claim. Others use an ...
Phrase describing a form of joint tenancy ownership where property passes to the survivors when one party dies. ...
Rule that provides four requirements for monitoring the independent agent distribution system: The insurance company must be involved in the training of the independent agent. The ...
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