Terms with Tag Insurance
- Unallocated Loss Adjustment Expense (ULAE) — Acronym,
- Unauthorized Insurance — Definition,
- A fraud where a scammer sells a victim an insurance policy that doesn't exist.
- Underinsurance — Definition,
- When the amount of insurance coverage on an asset is less than the asset's full value.
- Underinsured Motorist Coverage — Definition,
- Auto insurance that covers damages when the other driver in a collision is at fault but does not have sufficient insurance coverage.
- Underlying Mortality Assumption — Definition,
- A measurement of death rates that is used to estimate pension obligations and insurance premiums.
- Underlying Retention — Definition,
- The liability an insurance company still retains after ceding liability to a reinsurer.
- Underwriter — Definition,
- An entity that issues and distributes financial products including equity capital, credit, mortgages, and insurance.
- Underwriters Association — Definition,
- A group of underwriters in a specific field who join together to maintain professional standards.
- Underwriters Association of Winnipeg (UAW) — Company Est. 1988, Winnipeg, Manitoba, Canada,
- Underwriting (UW) — Acronym, Important,
- The analysis of risk involved in making a mortgage loan to determine whether the risk is acceptable to the lender. Underwriting involves evaluating the property as outlined in the appraisal report, and also evaluating the borrower's ability and willingness to repay the loan.
- Assessing individuals for eligibility and issuing and distributing a financial product such as insurance, equity capital or credit.
- Underwriting Expenses — Definition,
- The expenses accumulated by an insurance company while underwriting a product.
- Underwriting Guide — Definition,
- The rules and guidelines an underwriter must follow while writing policies.
- Underwriting Income — Definition,
- The income earned by an insurer from underwriting in a certain amount of time.
- Underwriting Risk — Definition,
- The total amount of risk an entity takes on from underwriting something.
- Unearned Premium — Definition,
- Premiums that have not yet been collected from an insurance policy.
- Unearned Premium Reserve (UPR) — Acronym,
- Unemployment Compensation Disability Insurance (UCDI) — Acronym,
- Unemployment Insurance (UI) — Acronym, Canada, ➥ See also Employment Insurance (EI).
- Unfair Claims Practice — Definition,
- The act of an insurance company avoiding or reducing valid insurance claims.
- Uninsurable Peril — Definition,
- Something that cannot be insured due to a high risk of loss.
- Unisex Legislation — Definition,
- Laws that prevent insurers from using gender as a factor when calculating premiums.
- Universal Health Insurance (UHI) — Acronym, Important,
- Universal Healthcare — Definition,
- A system for providing healthcare free to patients at point of use.
- Universal Life (UL) — Acronym, Important, ➥ An insurance policy.
- Universal Life Insurance — Definition,
- A form of life insurance that offers flexible investment options and tax efficiency for estate management.
- Universal Life Policy (ULP) — Acronym, ➥ An insurance policy.
- Unsolicited Application — Definition,
- An application for insurance made directly by an individual as opposed to an application made by a broker or agent.
- Unvalued Marine Policy — Definition,
- Insurance that covers a marine asset to an unspecified dollar amount.
- Use and Occupancy Insurance (U&O) — Acronym,
- Usual, Customary and Reasonable Fees — Definition,
- The expected cost of a medical treatment, and what an insurance company is willing to pay.
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Unallocated Loss Adjustment... -
Universal Life Insurance
Universal Life Insurance
