Terms with Tag Insurance
- Aggregate Stop Loss (ASL) — Acronym,
- All Other Perils (AOP) — Acronym,
- Alternate Cash Surrender Value (ACSV) — Acronym,
- Annual Administrative Fee — Definition,
- An annual (yearly) fee charged for the administration of a service.
- Approved for Reinsurance — Definition,
- A company that is certified to provide reinsurance in a certain area.
- Asset — Definition,
- Anything of monetary value that is owned by a person. Assets include real property, personal property, and enforceable claims against others including bank accounts, stocks, mutual funds, and so on.
- Assignee — Definition,
- In the insurance industry, an assignee is someone who is assigned ownership of another person's insurance policy.
- A person appointed to acquire (take) an item, such as a property.
- Assignor — Definition,
- Associate in Loss Control Management (ALCM) — Acronym, United States,
- Associate of the Insurance Institute of Canada (AIIC) — Acronym, Canada, ➥ See Fellow of the Insurance Institute of Canada (FIIC).
- Association d'Assurance des Juristes Canadiens (AAJC) — Company, Canada, ➥ French acronym for Canadian Lawyers Insurance Association.
- Association of Home Office Underwriters (AHOU) — Company,
- Assumption Mutual Life Insurance Company — Company Est. 1903, Prince Edward Island, Nova Scotia, New Brunswick, and Quebec, Canada, Important, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Attained Age — Definition,
- The current age of an insured individual.
- Automatic Premium Loan (APL) — Acronym,
- An option that prevents a lapse of coverage whereby the insurance company will make a premium payment on your behalf using the cash value of the policy provided there are sufficient funds to draw from.
➥ A provision available in some life insurance policies. - Automobile Insurance Rate Board (AIRB) — Company Est. 2004, Alberta, Canada, ➥ Established by the Minister of Treasury Board and Finance Alberta.
- Automobile Liability Insurance — Definition,
- Insurance coverage for damages caused in traffic collisions.
- Automobile Protection Association (APA) — Company Est. 1969, Toronto, Ontario, Canada,
- Back Title Letter — Definition,
- A document that a title insurance company gives to an attorney specifying condition of the title.
- Bankers Blanket Bond (BBB) — Acronym,
- Basis — Definition,
- Relating to cost basis, this is the amount assigned to an asset from which a taxpayer determines capital gain or loss. For assets purchased, the basis is the price paid. Special rules apply to assets acquired through gift or inheritance, as well as to the value of stock funds held for a period during which earnings are reinvested.
- That on which a thing rests or is founded.
- Beneficiary — Definition,
- An individual or entity chosen to receive benefits from a will, trust, deed or insurance policy.
- Benefit Period — Definition,
- The total period of time where an insurer is contractually obligated to pay benefits.
- Benefits (Bnfts) — Abbreviation,
- Best's Capital Adequacy Relativity — Definition,
- A percentage used to measure a company's relative capital strength as compared to an industry peer composite.
- Binding Death Benefit Nomination (BDBN) — Acronym, Australia,
- A legally binding document given to a trustee that states the beneficiaries of a life insurance death benefit.
➥ Mostly an Australian insurance term. - Blanket Insurance — Definition,
- A form of insurance that covers multiple different classes of property with one policy. Homeowner's insurance, for instance, not only covers damages to the insured home, but also the contents of the home.
- Book Value — Definition,
- The value of a property, item or company as a capital asset based on its cost plus any additions, subtracting depreciation.
- A valuation method determined by taking the original cost of an asset and subtracting any depreciation, impairment or amortization costs.
- Broad Form Insurance — Definition,
- Insurance that covers rare events not normally covered in an existing insurance policy.
- Broker (Bkr) — Abbreviation,
- A person or firm who acts on behalf of another.
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Aggregate Stop Loss -
Best's Capital Adequacy Rel...
Best's Capital Adequacy Rel...
