Uninsured Motorist Coverage

Definition of "Uninsured motorist coverage"

Endorsement to personal automobile policy (PAP) that covers an insured involved in a collision with a driver who does not have liability insurance.

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Single Premium Deferred Annuity

Deferred annuity under which one premium payment is made and the annuity is paid up (no further prem ...

125% Loan

A mortgage loan for 125% of property value. Since such loans are only partly secured, they have man ...

Apportionment

Division of a loss among insurance policies in the proportion that each policy bears to the total co ...

Walkup

Residential or commercial building of two or more floors that can only be accessed through stairs. I ...

Age-weighted Profit-sharing Plan

Plan that combines the simplicity and flexibility of the traditional profit-sharing plan with the be ...

Zone System

Method for triennial examination of insurance companies as established by the national association o ...

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Cooperative is a form of home ownership in which you own shares in a corporation. In return for the ...

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