Insurance Terms

  1. Any-Occupation Policy

  2. Appleton Rule

  3. Apportionment

  4. Appurtenance

  5. Associate In Claims - AIC

  6. Associate In Information Technology - AIT

  7. Associate In Insurance Accounting And Finance - AIAF

  8. Associate In Loss Control Management - ALCM

  9. Associate In Management (AIM)

  10. Associate In Marine Insurance Management - AMIM

  11. Associate In Premium Auditing - APA

  12. Associate In Research And Planning - ARP

  13. Associate in Risk Management - ARM

  14. Associate In Underwriting - AU

  15. Association Of British Insurers - ABI

  16. Assumed Interest Rate - AIR

  17. Assumption Endorsement

  18. Assurance

  19. Asymmetric Information

  20. Attained Age

  21. Audit Risk

  22. Auto Insurance

  23. Average Indexed Monthly Earnings - AIME

  24. B3/B-

  25. Bailee's Customers Insurance

  26. Balance Sheet Reserves

  27. Bancassurance

  28. Bank Insurance

  29. Bank Insurance Fund (BIF)

  30. Bank Letter Of Credit Policy

  31. Bank-Owned Life Insurance - BOLI

  32. Banker's Blanket Bond

  33. Benchmark Surplus

  34. Beneficiary

  35. Beneficiary Clause

  36. Benefit Expense Ratio

  37. Benefit Period

  38. Betterment Insurance

  39. Blanket Bond

  40. Blanket Honesty Bond

  41. Blanket Insurance

  42. Blockbuster Drug

  43. Bond Insurance

  44. Both-To-Blame Collision Clause

  45. Breeder's Insurance Policy

  46. Bridge Insurance

  47. Broad Evidence Rule

  48. Broad Form Insurance

  49. Broad Form Personal Theft Insurance

  50. Broad Form Property Damage Endorsement

  51. Broad Form Storekeepers' Insurance

  52. Broker Of Record

  53. Brokerage Department

  54. Brokerage Fee

  55. Brokerage General Agent

  56. Builders Risk Coverage Form

  57. Builders Risk Hull Insurance

  58. Building And Personal Property Coverage Form

  59. Bumbershoot Policy

  60. Bundling

  61. Bureau Rate

  62. Burial Insurance

  63. Burning Cost Ratio

  64. Business And Personal Property Coverage Form - BPPCF

  65. Business Auto Coverage Form

  66. Business Automobile Policy - BAP

  67. Business Continuation Insurance

  68. Business Crime Insurance

  69. Business Income Coverage Form

  70. Business Insurance

  71. Business Interruption Insurance

  72. Business Liability Insurance

  73. Business Owner Policy - BOP

  74. Business Risk Exclusion

  75. Buy And Homework

  76. Bypass Trust

  77. Calendar Year Accounting Incurred Losses

  78. Calendar Year Experience

  79. Canadian Council Of Insurance Regulators - CCIR 

  80. Canadian Deposit Insurance Corporation - CDIC

  81. Canadian Institute Of Actuaries - CIA

  82. Cancelable Insurance

  83. Cancellation Provision Clause

  84. Capital Stock Insurance Companies

  85. Capitated Contract

  86. Capitation Payments

  87. Captive Agent

  88. Captive Insurance Company

  89. Cash Accumulation Method

  90. Cash Flow Underwriting

  91. Cash Surrender Value

  92. Cash-Value Life Insurance

  93. Casualty And Theft Losses

  94. Casualty Insurance

  95. Cat Spread

  96. Catastrophe Excess Reinsurance

  97. Catastrophe Futures

  98. Catastrophe Insurance

  99. Catastrophe Loss Index - CLI

  100. Catastrophic Illness Insurance

Hot Definitions
  1. Oil Reserves

    An estimate of the amount of crude oil located in a particular economic region. Oil reserves must have the potential of being extracted under current technological constraints. For example, if oil pools are located at unattainable depths, they would not be considered part of the nation's reserves.
  2. Joint Venture - JV

    A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. In a joint venture (JV), each of the participants is responsible for profits, losses and costs associated with it.
  3. Aggregate Risk

    The exposure of a bank, financial institution, or any type of major investor to foreign exchange contracts - both spot and forward - from a single counterparty or client. Aggregate risk in forex may also be defined as the total exposure of an entity to changes or fluctuations in currency rates.
  4. Organic Growth

    The growth rate that a company can achieve by increasing output and enhancing sales. This excludes any profits or growth acquired from takeovers, acquisitions or mergers. Takeovers, acquisitions and mergers do not bring about profits generated within the company, and are therefore not considered organic.
  5. Family Limited Partnership - FLP

    A type of partnership designed to centralize family business or investment accounts. FLPs pool together a family's assets into one single family-owned business partnership that family members own shares of. FLPs are frequently used as an estate tax minimization strategy, as shares in the FLP can be transferred between generations, at lower taxation rates than would be applied to the partnership's holdings.
  6. Yield Burning

    The illegal practice of underwriters marking up the prices on bonds for the purpose of reducing the yield on the bond. This practice, referred to as "burning the yield," is done after the bond is placed in escrow for an investor who is awaiting repayment.
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