Learn about open debits in health and life insurance, where designated territories are left without an assigned insurance agent. Explore its implications and relevance within the insurance domain.
Understanding the concept of an investment reserve within general insurance, which is crucial for managing reductions in the value of an insurance company's owned securities.
Understand the concept of Qualifying Terminal Interest Property (QTIP) in estate planning. Learn about the trust offering income to a surviving spouse.
Understand the crucial role of an appointed actuary in general insurance, including responsibilities, and significance in documenting liability reserves.
Explore the concept of Unallocated Claim or Loss Expense in general insurance, examining the expenses incurred by insurers that are not specific to a single claim, like operating costs.
Understand the role of a conservator in insurance: a court-appointed individual who directs and manages financially troubled insurance companies.
Learn about unearned reinsurance premium, the portion of the premium related to the part of a policy that has been reinsured.
