Unsolicited Application


Definition of "Unsolicited application"

Request for life insurance coverage by an individual, not through an agent or broker. It is given extra scrutiny by an insurance company because of the possibility of self-selection, which is the likelihood that poorer risks will seek insurance on their own initiative.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Managed Care

Plan to control employer's health care cost through the introduction of practice guidelines or proto ...

Assessment Ratio

Relationship between a real estate's assessed valuation and its market value. ...

Messenger Robbery Insurance

Coverage for an insured who is authorized to convey property such as money, securities, and other va ...

Rollover Individual Retirement Account

Individual retirement account (IRA) established to receive distribution of assets from a qualified p ...

Past Due Accounts

Funds receivable or payable that have not been paid in a timely manner, commercial credit insurance ...

Holding Period Return (HPR)

The total return from holding a real estate investment for the holding period of time. The comput ...

Related Real Estate FAQ

How Much Can I Afford ?

Find out what type of home is in your budget by entering a few numbers into our calculator. Our calc ...

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you ...

What Is A Proration?

A proration is the division of certain fees. If the sellers have paid the taxes six months in advanc ...

What Is A Mortgage Banker?

A mortgage banker is a company that originates mortgages and sells them to a secondary market. ...

Why Do People Refinance?

People finance to obtain a new loan in order to pay off the existing mortgage or to gain access to t ...

What Is A Balloon Mortgage?

A type of mortgage in which the loan amount is amortized over the full length of the loan (usually 3 ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

How Does The Home Loan Underwriting Process Work? Is it better to buy or sell a home first Tax Breaks for the First Time Home Buyer 5 U.S. Cities with the Best Public Transportation 10 Tips for Homebuyers

FAQ

What is a gift letter? What is an amortization? What are basis points? What if they no longer make my specific computer? What is an annuity?