Glossary Index | Categories | Tagged Terms

Terms with Tag Insurance

Home Care -
Inflation Protection

Issuer -
Life Policy

Insurance (insur) — Abbreviation,
- An arrangement where one party provides financial protection to another party for specific damages or losses.
Insurance Attorney — Definition,
- An attorney who works with insurance law.
Insurance Broker — Definition,
- An agent who sells insurance policies.
Insurance Brokers Association of Alberta (IBAA) — Company Est. 1921, Edmonton, Alberta, Canada,
Insurance Brokers Association of British Columbia (IBABC) — Company Est. 1858, Vancouver, British Columbia, Canada,
Insurance Brokers Association of Manitoba (IBAM) — Company, Winnipeg, Manitoba, Canada,
Insurance Brokers Association of New Brunswick (IBANB) — Company, Fredericton, New Brunswick, Canada,
Insurance Brokers Association of Newfoundland (IBAN) — Company, St. John's, Newfoundland, Canada,
Insurance Brokers Association of Nova Scotia (IBANS) — Company Est. 1949, Halifax, Nova Scotia, Canada,
Insurance Brokers Association of Ontario (IBAO) — Company, Toronto, Ontario, Canada,
Insurance Bureau of Canada (IBC) — Company, Canada,
Insurance Claim — Definition,
- An application for benefits made by an insurance policyholder after an insured event.
Insurance Corporation of British Columbia (ICBC) — Company Est. 1973, North Vancouver, British Columbia, Canada, Important,
Insurance Cycle — Definition,
- A cycle of soft and hard market conditions observed in the insurance and underwriting industry.
Insurance Fraud — Definition,
- An illegal attempt by an individual or entity to receive insurance benefits that they would otherwise not be entitled to or for an insurance company to deny a legitimate insurance claim.
Insurance Institute of British Columbia (IIBC) — Company, Vancouver, British Columbia, Canada,
Insurance Institute of Canada (IIC) — Company Est. 1899, Canada,
- A group of insurance professionals who work together to provide education and training programs, professional development, and networking for students and insurance professionals.
Insurance Institute of New Brunswick (IINB) — Company, New Brunswick, Canada,
Insurance Policy — Definition,
- A legal contract between an insurer and entity that specifies what the insurer is required to cover and any benefits the insured entity is entitled to.
Insurance Proceeds — Definition,
- The benefits received by an individual after a claim has been verified.
Insurance Proceeds Not Taxable (IPNT) — Acronym,
Insurance Renewal — Definition,
- Extending the term length on an insurance policy.
Insurance Score — Definition,
- A score used by those in the insurance industry to determine how likely a claim will need to be paid out for an individual or entity.
Insured Value — Definition,
- What an insurer will pay to replace an insured asset.
Integrated Stop Loss (ISL) — Acronym,
Interest-Crediting Methods — Definition,
- A number of methods used to establish how interest is accrued, owed and dispersed to the parties due.
Inventory — Definition,
- Stock on hand in the form of goods ready for sale. Also includes raw material in the process of being manufactured or completed for sale.
Irrevocable Beneficiary — Definition,
- A life insurance or segregated fund beneficiary whose benefit cannot be revoked or modified in any way without his or her consent.
Irrevocable Life Insurance Trust (ILIT) — Acronym,
Issue Age — Definition,
- The policyholder's age when the policy was first issued, to the nearest year.