Insurance Terms

  1. Abandonment And Salvage

  2. Abandonment Clause

  3. Abeyance

  4. Absolute Beneficiary

  5. Accelerated Benefits

  6. Accelerated Death Benefit - ADB

  7. Accelerated Option

  8. Acceleration Life Insurance

  9. Accelerative Endowment

  10. Accident And Sickness Insurance Act

  11. Accident-Year Statistics

  12. Accidental Death And Dismemberment Insurance - AD&D

  13. Accidental Death Benefit

  14. Accommodation Endorsement

  15. Accommodation Line

  16. Account Current

  17. Accounts Receivable Insurance

  18. Accredited Advisor In Insurance - AAI

  19. Accumulated Value

  20. Accumulation Option

  21. Act Of God Bond

  22. Active Retention

  23. Actual Authority

  24. Actual Cash Value

  25. Actual Total Loss

  26. Actuarial Adjustment

  27. Actuarial Age

  28. Actuarial Assumption

  29. Actuarial Equity

  30. Actuarial Life Table

  31. Actuarial Rate

  32. Actuarial Risk

  33. Actuarial Science

  34. Actuarial Service

  35. Actuarial Value

  36. Actuary

  37. Add To Cash Value Option

  38. Addendum

  39. Additional Death Benefit

  40. Additional Insured

  41. Additional Living Expense Insurance

  42. Adequacy Of Coverage

  43. Adhesion Contract

  44. Adjustable Life Insurance

  45. Adjustable Premium

  46. Adjusted Liabilities

  47. Adjusted Net Worth

  48. Adjusted Premium

  49. Adjusted Premium Method

  50. Adjusted Surplus

  51. Adjusted Underwriting Profit

  52. Adjuster

  53. Adjustment Income

  54. Adjustment Provision

  55. Administrative Charge

  56. Administrative Services Only - ASO

  57. Admitted Assets

  58. Admitted Company

  59. Admitted Insurance

  60. Advance Premium

  61. Advance Premium Fund

  62. Advance Premium Mutual

  63. Advanced Life Underwriting

  64. Advanced Premium Tax Credit

  65. Adverse Selection

  66. Affordable Care Act

  67. Against All Risks - AAR

  68. Aggregate Limit

  69. Aggregate Mortality Table

  70. Aggregate Product Liability Limit

  71. Aggregate Stop-Loss Insurance

  72. Agreed Amount Clause

  73. Air Cargo Insurance

  74. Alaska Trust Act

  75. Aleatory Contract

  76. Alien Insurer

  77. All Risks

  78. Alliance Of American Insurers - AAI

  79. Allied Lines

  80. Allocated Funding Instrument

  81. Alphabet Broker

  82. Alternate Beneficiary

  83. Alternative Dispute Resolution

  84. Alternative Risk Financing Facilities

  85. Ambulance Chaser

  86. American Agency System

  87. American Council Of Life Insurance

  88. American Experience Table

  89. American Insurance Association - AIA

  90. American Land Title Association - ALTA

  91. American Risk and Insurance Association

  92. Amount at Risk

  93. Ancillary Benefits

  94. Annual Convention Blank

  95. Annual Dividend - Insurance

  96. Annual Premium Equivalent - APE

  97. Annual Renewable Term (ART) Insurance

  98. Annuitant

  99. Annuity Consideration

  100. Annuity Contract

Hot Definitions
  1. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option is purchased and the lower premium option is sold - both at the same time. The higher the debit spread, the greater the initial cash outflow the investor will incur on the transaction.
  2. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious debt when government leaders use borrowed funds in ways that don't benefit or even oppress citizens. Some legal scholars argue that successor governments should not be held accountable for odious debt incurred by earlier regimes, but there is no consensus on how odious debt should actually be treated.
  3. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the acquiring company will make an offer for the outstanding shares.
  4. Harvest Strategy

    A strategy in which investment in a particular line of business is reduced or eliminated because the revenue brought in by additional investment would not warrant the expense. A harvest strategy is employed when a line of business is considered to be a cash cow, meaning that the brand is mature and is unlikely to grow if more investment is added.
  5. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will be executed at a specified price (or better) after a given stop price has been reached. Once the stop price is reached, the stop-limit order becomes a limit order to buy (or sell) at the limit price or better.
  6. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The principle states that, for many phenomena, 20% of invested input is responsible for 80% of the results obtained. Put another way, 80% of consequences stem from 20% of the causes.
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