Statute Of Limitations
Definition of "Statute of limitations"
Period, set by law, after which a damage claim cannot be made. Limits are set by individual states and usually range from one to seven years.
Popular Insurance Terms
Professional designation earned after the successful completion of three national examinations given by the insurance institute of America (IIA). Covers such areas of expertise as ...
Choice of beneficiary in which the death benefit of a life insurance policy is retained by the company to be paid as a series of installments of fixed dollar amounts per installment until ...
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Rate-making division of insurance services offices (ISO) for inland marine insurance coverages of member companies. ...
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