Annuity

Definition of "Annuity"

Equal periodic payments or receipts.

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Judicial Bond

Type of surety bond that is either a fiduciary or a court bond. Fiduciary Bond guarantees that indiv ...

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Income paid under health insurance for loss of use of various parts of the body due to an accident. ...

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Taking over of an insurance company's assets by the State Insurance Commissioner when examination of ...

Past Due Accounts

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

Deposit Receipt

Written acknowledgment that money has been paid by someone as a deposit into an account or for the p ...

Brokerage Department

Section of an insurance company that sells through brokers. Some brokerage departments are self-cont ...

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