Expediting expenses are extra costs incurred after a covered property loss to repair or replace damaged property faster than ordinary timing would allow.

Discover the importance of extra percentage tables in health and life insurance which indicate the additional premiums for specific medical conditions.

The amount the employer pays toward the cost of an employee benefit or insurance plan.

An employee dishonesty coverage form insures against direct loss of money, securities, or other property caused by dishonest acts of employees.

The time window during which eligible people may enroll in, change, or sometimes cancel coverage under a plan.

The part of an insurance rate or premium added to cover the insurer's acquisition, underwriting, servicing, and administrative expenses.

Policy wording that removes a particular situation from coverage or, in some forms, restores coverage by carving something back into an exclusion.

Elective benefits are optional accident or health benefits that pay a stated amount for listed injuries or events, often as a lump sum instead of open-ended reimbursement.

Explosion, collapse, and underground damage, often called XCU, are hazardous construction exposures that liability insurers may exclude, restrict, or underwrite carefully.

Specialized insurance for property damage and related liability arising from an elevator's collision or violent contact event.

An individual who meets the policy's definition of who may be insured under a particular plan.

The document given to an employee summarizing coverage under a group insurance policy.

In health insurance, an encounter is a documented interaction in which a covered person receives services from a healthcare provider.

The employer, association, or other group through which people are enrolled in a group insurance plan.

Expected claims are the projected number or cost of claims for a policy, class, or book of business over a stated period.

In insurance, an expense is a cost of acquiring, underwriting, servicing, or administering business, separate from the claim payment itself.

An insurer's liability estimate for expenses already incurred or expected to arise from existing obligations but not yet paid.

The point when an insurance policy or coverage period ends unless it is renewed, replaced, or extended.

Explosion insurance refers to property coverage for loss caused by explosion when that peril is included in the policy or added by endorsement.

A reinsurance arrangement under which the reinsurer begins paying disability-related benefits only after the ceding company has paid for a stated initial period.

Property insurance for computers, related equipment, media, and certain income-loss exposures tied to data-processing operations.

A person who reviews insurance risks, records, or medical information in underwriting, claims, or regulatory work.

An extra expense coverage form pays necessary additional costs a business incurs to keep operating or reduce a shutdown after covered property damage.

A property insurance term for ground-shift events such as earthquake, landslide, mudflow, or earth sinking that are often excluded unless specifically covered.

The waiting time that must pass before benefits begin under a disability, health, or similar insurance policy.

Estoppel can prevent an insurer or policyholder from taking a position that conflicts with earlier words or conduct when the other side reasonably relied on it.

A dishonest act by an employee that causes direct financial loss to the employer.

A buy-sell arrangement in which a business uses insurance to fund the purchase of an owner's interest after death or another trigger event.

A life-insurance provision that continues or preserves a death benefit for a limited period after premium payments stop under stated conditions, often involving disability.

An extended reporting period gives the insured extra time to report claims under a claims-made liability policy after the policy ends.

A form of business interruption coverage designed to replace lost earnings after covered property damage, often written for smaller risks without a coinsurance clause.

A legal right to use another person's land for a specific purpose, which can affect title, property, and liability insurance analysis.

A spouse, child, or other dependent who meets the plan's rules for coverage under an insured employee or member.

A worker who satisfies a group plan's rules for being offered coverage.

The dishonest taking or misuse of money or property by someone who was entrusted with it, which matters in insurance because it can trigger crime or fidelity coverage issues.

A person enrolled in a health plan and recognized by the plan for coverage administration.

The process of getting an eligible person into an insurance plan so coverage can begin under the plan's rules.

Entry date into claims made refers to the point when an insured first goes onto claims-made coverage, which affects pricing, maturity, and how later claims are evaluated.

An errors and omissions clause says that an inadvertent administrative mistake should not automatically destroy intended insurance or reinsurance coverage.

The temporary premium charged at the start of a policy before the insurer knows the insured's final exposure.

A voluntary payment made by an insurer even though the policy may not legally require it.

The amount of insurance available above a basic or underlying liability limit.

A policy attachment that removes coverage for a specific condition, hazard, person, or category of loss.

An exclusive provider organization is a managed-care health plan that generally pays only for care from network providers, except for emergencies.

Exhibitions insurance covers property while it is being transported to, displayed at, and returned from a trade show, fair, gallery, or similar exhibition.

The anticipated rate or probability of death for a defined insured population over a stated period.

A payment or stipend an insurer gives an agent to help cover business expenses in addition to commission compensation.

A flat charge added to some commercial insurance premiums to help recover fixed policy issuance and servicing costs.

The expense ratio measures how much of an insurer's premium is consumed by operating expenses rather than claim payments.

The actual death experience observed in an insured group and compared with the mortality that had been expected.

Experimental procedures are treatments or services a health plan considers investigational, unproven, or not medically established enough for routine coverage.

The set of records an insurer or agency uses to monitor upcoming policy expirations and manage renewal activity.

A communication advising that a policy or coverage period is about to end and may need renewal or replacement.

The statement a health insurer sends showing how a claim was processed and what amount, if any, the patient may owe.

Exposure units are the measurable bases insurers use to rate coverage, such as payroll, car-years, occupied beds, or units of insured value.

The authority an insurer or agency specifically grants to an insurance agent through a contract, appointment, or direct instruction.

A nonforfeiture option that uses a life policy's cash value to continue the original face amount as term insurance for a limited period.

A health insurance provision that continues certain covered benefits after coverage would otherwise end, usually for members already hospitalized or disabled.

The portion of a policy's premium that corresponds to the part of the coverage period that has already passed.

An electrical apparatus exemption clause limits property coverage for electrical damage unless the loss results in a covered ensuing fire.

The time window a plan uses to determine when a person may enroll in or qualify for coverage under group insurance.

Eligible expenses are the medical charges a health plan recognizes as covered or allowable under the policy.

In health insurance, an emergency is a sudden illness or injury requiring immediate medical attention to avoid serious harm.

An employer-sponsored package of insurance and related benefits such as health, life, disability, or other group coverage.

An employer-sponsored plan that provides benefits such as medical, life, disability, or similar protection to employees or their dependents.

Employer's non-ownership liability insurance protects a business when employees use their own vehicles for company business and the employer is sued for resulting auto liability.

An employer-sponsored plan that provides retirement, health, life, disability, or other structured employee benefits.

A life insurance arrangement in which the employer owns the policy and endorses part of the policy benefits to an employee or the employee's beneficiary.

Equipment breakdown insurance covers sudden accidental mechanical or electrical failure of covered equipment and the business losses that follow.

A movable-property policy that follows covered equipment from place to place instead of limiting coverage to one insured location.

Errors and omissions insurance protects professionals against claims that their mistakes, bad advice, or missed actions caused a client financial harm.

In insurance regulation, an examination is a formal review of an insurer's finances, practices, and compliance by the insurance department or another authorized authority.

Excess insurance provides an additional layer of protection after the underlying policy or self-insured layer has been exhausted.

Nonguaranteed interest credited above the contract's minimum guaranteed rate on certain cash value life insurance policies.

A rating factor that adjusts premium based on an employer's actual loss experience compared with similar insureds.

A return of premium or profit-sharing amount based on favorable insurance or reinsurance results under a contract formula.

Another word for expiration and refers to the date or moment when insurance coverage or a policy term ends.

A statement showing how a Medicare claim was processed and what amounts Medicare approved, paid, or left to the beneficiary.

Understand the extortion coverage form in commercial crime insurance. Learn how it protects businesses from losses due to extortion involving cash, securities, and other goods.

Earthquake insurance covers direct physical loss caused by earthquake, usually through a separate policy or endorsement because standard property forms often exclude that peril.

The date and time when an insurance policy or coverage change begins to apply.

The date a person first qualifies to enroll in or receive coverage under an insurance plan.

Eligibility requirements are the conditions a person must satisfy before becoming eligible for coverage under an insurance plan.

The amount an employee pays toward the cost of an insurance or benefit plan.

ERISA is the federal law that sets core standards for most private-sector employee benefit plans, including many health, life, and disability arrangements.

Employer's liability coverage protects an employer against certain employee injury claims that fall outside ordinary workers compensation benefits.

An endorsement extending the period of indemnity lengthens business interruption protection beyond physical reopening so the insured has more time to recover income.

The entire contract clause says the insurance policy and the documents attached to it are the full agreement between the insurer and the policyholder.

The insured's age when a life or annuity contract is issued and used to calculate premium rates, benefits, or policy values.

Environmental restoration means the cleanup and repair costs tied to restoring land, water, or other natural resources after a covered pollution or environmental loss.

An evidence clause lets the insurer require reasonable proof needed to investigate, value, and decide a claim.

A licensed intermediary who places insurance with eligible nonadmitted insurers when the admitted market cannot or will not write the risk.

A retrospective-rating charge that helps fund the protection created when a workers compensation plan limits large individual losses.

The anticipated rate of sickness, disability, or medical utilization in a defined insured group.

A payment arrangement under which an insurer reimburses or credits an agent for approved business expenses in addition to commissions.

In insurance, expenses are the insurer's operating costs, such as commissions, salaries, technology, servicing, and administration, apart from claim payments.

In insurance, experience means the recorded claim or loss history of an insured, class of business, territory, producer, or book of business.

A pricing method that adjusts premium based on the insured's own prior loss results instead of relying only on class averages.

A record used by an insurer or agency to track when a policy is due for renewal, remarketing, or follow-up.

The condition, person, property, or activity that creates the possibility of loss for an insurer or insured.