Terms with Tag Insurance
- Broker-Agent — Definition,
- An individual, usually in the employ of an insurance company, that is licensed as both an insurance broker and agent.
- Bureau d'Assurance du Canada (BAC) — Company, Canada, ➥ French acronym for Insurance Bureau of Canada.
- Burial Insurance — Definition,
- Insurance that provides coverage for funeral expenses.
- Business Account Package Policy (BAPP) — Acronym,
- Business Automobile Policy (BAP) — Acronym, Important, ➥ An insurance policy that covers a company's use of vehicles used for business.
- Business Continuation Insurance — Definition,
- Insurance that provides coverage in the event that someone integral to the operation of a business dies or becomes disabled.
- Business Crime Insurance — Definition,
- Insurance that covers losses due to criminal acts perpetrated by customers or employees.
- Business Insurance — Definition,
- An umbrella term for insurance that covers various losses that may arise due to the operation of a business.
- Business Interruption Insurance (BII) — Acronym, Important,
- Insurance that covers losses in business income after an event interrupts business operations.
- Business Life Insurance — Definition,
- Life insurance that provides coverage in the event that a person key to the operation of a business dies.
- Business Net Retention — Definition,
- A measure of the gross writings retained by a company for their own account.
- Business Travel Accident Insurance (BTAI) — Acronym,
- Canada Deposit Insurance Corporation (CDIC) — Company Est. 1967, Ottawa, Ontario, Canada, Important,
- A crown corporation that provides deposit insurance against the loss of deposits made with member financial institutions.
➥ Government of Canada federal crown corporation. - Canada Housing Trust (CHT) — Acronym, Canada,
- Canada Life Financial Corporation (CLFC) — Company, Ottawa, Ontario, Canada,
- Canada Mortgage and Housing Corporation (CMHC) — Company Est. 1946, Canada-wide, Very Important,
- The Canada Mortgage and Housing Corporation: this is a Federally run institution that provides banks and lenders with mortgage insurance. Not to be confused with life or property insurance. In the event of default or foreclosure CMHC assumes responsibility of the property and reimburses the bank/lender the entire mortgage amount. This insurance is required generally when you have less than 25% equity or down payment. This insurance is paid by the property owner in advance but usually added to the mortgage amount. See also "G.E. Capital."
➥ Insures Canadian mortgage lenders. - Canadian Automobile Association (CAA) — Company, Canada,
- Canadian Council of Insurance Regulators (CCIR) — Company Est. 1914, Toronto, Ontario, Canada, Important,
- The CCIR is an insurance regulatory system that serves Canadian public interests by developing solutions and stream lining the co-ordination mechanisms that regulate the pension, securities and insurance industries.
➥ An inter-jurisdictional association of insurance regulators. - Canadian Institute of Underwriters (CIU) — Company, Canada,
- Canadian Insurance Course (CIC) — Acronym, Canada, ➥ Course developed for insurance agents, financial planners, independent insurance brokers or dual-licensed advisors.
- Canadian Insurance Course - Fast Track (CICT) — Acronym, Canada, ➥ Prerequisite for Life License Qualification Program (LLQP).
- Canadian Insurance Services Regulatory Organizations (CISRO) — Company, Important,
- Authorities dedicated to developing consistent standards of qualifications and practice for insurance intermediaries dealing in personal and property insurance.
➥ An inter-jurisdictional association of insurance regulators. - Canadian Life and Health Insurance Association (CLHIA) — Company Est. 1894, Canada, Very Important,
- A voluntary non-profit association with member companies accounting for 99 per cent of Canada’s life and health insurance business.
➥ Legislative and regulatory representative for Canada's insurance industry. - Canadian Securities Institute (CSI) — Company Est. 1970, Canada,
- Offers financial services education and is endorsed by regulatory authorities across Canada.
➥ Better known as CSI Global Education Inc. - Captive Agent — Definition,
- An insurance agent who uses a limited number of insurance companies, or a single insurance company, when finding products for their clients.
- Case Management — Definition,
- A system where medical services and patient treatments are coordinated by a case manager.
- Cash Surrender Value (CSV) — Acronym, Important,
- The liquid value of an insurance policy if the policyholder voluntarily cancels the policy before maturity or an insured event.
- Cash Surrender Value of Life Insurance (CSVLI) — Acronym,
- Casualty — Definition,
- A liability or loss that results from an incident or accident.
- Casualty and Collision (CASCO) — Acronym,
3.
Broker-Agent -
Captive Agent
Captive Agent
