Learn about the strike through clause in reinsurance, a provision that ensures losses are managed even if the ceding insurer is unable to meet them, directing the reinsurer to pay the insured directly.
Explore the role and functions of a Sub Broker in reinsurance, an intermediary who assists the primary broker in acquiring necessary reinsurance placements.
Learn about subject premium in the context of reinsurance, including how the ceding insurer's premium is used to calculate the reinsurance premium by applying the reinsurance factor.
Understand the concept of a subrogation waiver in property insurance, the importance of this waiver in policy agreements, and its implications on claim processes.
Understand the Sue and Labor Clause in Property Insurance that requires insured individuals to protect and salvage property. Learn about the responsibilities and importance of this clause.
Learn about supplemental contracts in life insurance, which specify how the proceeds of a life insurance policy will be settled. Discover the importance of these riders in ensuring clear and agreed-upon payout procedures.
Learn about the Surety Bond Guarantee Program administered by the Small Business Administration (SBA), which backs surety companies against losses under contract bonds for minority contractors.
Learn about survivorship benefits in life insurance, including how funds are used to support annuitants living longer than expected and the role of premiums from deceased annuitants.
Understand the tax factor in liability insurance and how it impacts the overall premium. Learn how state taxes are covered through this essential component.
Learn about temporary agent licenses in the insurance industry, including their purpose and typical duration, especially in cases involving deceased, disabled agents, or active duty military personnel.
Learn about tenant’s policy, a specialized form of homeowners insurance designed for renters. Understand its coverage, benefits, and why it's essential for protecting personal belongings in a rental property.
Discover the intricacies of Time Element Insurance in Property Insurance, including how ongoing expenses from insured losses are managed and benefits paid out.
Learn about the time limit on certain defenses in health insurance, a mandatory provision that limits the insurer's ability to deny claims based on pre-existing conditions. Understand its legal implications and coverage details.
Learn about Triple Protection Life Insurance, a policy that combines whole life and term insurance for enhanced benefits. Perfect for those seeking comprehensive coverage.
Learn about Trusts (Estate) - A common arrangement where a trustee manages property for beneficiaries until a predetermined time. Discover key aspects and benefits.
Learn about Split Life Insurance, a unique coverage that combines installment annuity and term insurance. Understand how premiums determine the amount of insurance purchased and explore its benefits and uses.
Learn about adjustment income in life insurance, a crucial benefit designed to provide financial support to beneficiaries following the death of the primary wage earner.
Learn about appraisal in general insurance terms—a crucial assessment to determine the value of an item or property for adequate insurance coverage or replacement value.
Discover what Asset Depreciation Risk is in the context of general insurance, including its implications and how it can affect the market value of a company's assets over time.
Learn about aviation accident insurance, a specialized form of life insurance that provides coverage for passengers or pilots on regularly scheduled airlines. Discover how this insurance works and its benefits.
Discover what Basic Limit means in general insurance. Learn about the minimum amount for which a liability policy can be written and how it impacts your coverage.
Explore comprehensive definitions, etymologies, synonyms, antonyms, facts, quotes, government regulations, references, and quizzes related to insurance terms. Ideal for professionals, students, and enthusiasts.