Insurance Glossary. Insurance is a contract between the insured and insurer. We hope this glossary helps make the world of insurance easier to understand.
QBE Other information glossary of insurance terms page 3 from qbe2014.qreports.com.au
The definitions in this glossary are developed by the naic research and actuarial department staff based on various insurance references. These definitions represent a common use of the commercial insurance definition or term. Contact remco insurance today to learn more.
Agent A Professional Licensed By The State Who Has The Authority To Sell Insurance.
Insurance glossary insurance terms and definitions from remco insurance. We hope this glossary helps make the world of insurance easier to understand. The definitions in this glossary are developed by the naic research and actuarial department staff based on various insurance references.
These Definitions Represent A Common Use Of The Commercial Insurance Definition Or Term.
(because you have better things to do than search the internet for every word in your policy.) Definitions provided by insurance bureau of canada are indicated with an asterisk (*). This glossary simplifies terminology specific to professional and management liability.
An Insurance Company's Operating Costs.
Under a collateral assignment, the creditor is entitled to be reimbursed out of policy proceeds for the amount owing to him or her; Below are some commonly used insurance terms and their meanings. Here is a glossary of some commonly used insurance terms but if you really need help with those problematic claims contact trafalgar.
A Formal Document Providing Evidence That An Insurance Policy Has Been Issued By An Insurer Containing The Details Of The Type Of Insurance Cover, Its Value, Any Exclusion Or Excess Limits, The Premium And The Period Of The Insurance Cover (How Long It.
What the heck does liability actually mean, anyway? International risk management institute, inc. A b c d e f g h i j k l m n o
The Following Definitions Are Intended For General Guidance.
In insurance, the assignment of a policy to a creditor as security for a debt. Most of the definitions below are provided courtesy of the insurance institute of canada. # a b c d e f g h i j k l m n o p q r s t u v w x y z a back to top actual cash value (acv) the value of any property that is lost or damaged at the time of the loss, in contrast to replacement cost (rc).
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