Insurance Terms

  1. Leave-Sharing Plan

  2. Lender-Paid Private Mortgage Insurance

  3. Level Death Benefit

  4. Level-Premium Insurance

  5. Liability Insurance

  6. Life Annuity

  7. Life Estate

  8. Life Insurance

  9. Life Option

  10. Life Settlement

  11. Lifetime Payout Annuity

  12. Long-Term Care (LTC) Insurance

  13. Longevity Risk

  14. Loss Payee

  15. Loss Ratio

  16. Loss Settlement Amount

  17. Macro Risk

  18. Maintenance Bond

  19. Malpractice Insurance

  20. Maritime Law

  21. Maturity Guarantee

  22. Medicaid

  23. Medical Cost Ratio

  24. Medical Expenses

  25. Medical Savings Account - MSA

  26. Medicare

  27. Medicare Advantage

  28. Medicare And Medicaid Fraud

  29. Medicare Catastrophic Coverage Act Of 1988 - MCCA

  30. Medicare Doughnut Hole

  31. Medicare Hold Harmless Provision

  32. Medicare Part B Premiums

  33. Medicare Part D

  34. Medicare Supplementary Medical Insurance - SMI

  35. Microinsurance

  36. Minimum Essential Coverage

  37. Mirror Fund

  38. Modified Endowment Contract - MEC

  39. Modified Payoff

  40. Monoline Insurance Company

  41. Monopolistic State Fund

  42. Morbidity Rate

  43. Mortality And Expense Risk Charge

  44. Mortality Table

  45. Mortgage Insurance

  46. Mortgage Life Insurance

  47. Multiline Insurance

  48. Mutual Mortgage Insurance Fund

  49. Named Beneficiary

  50. Named Perils Insurance Policy

  51. National Association Of Insurance And Financial Advisors - NAIFA

  52. National Association of Insurance Commissioners - NAIC

  53. National Insurance Contributions - NIC

  54. National Organization Of Life And Health Insurance Guaranty Associations - NOLHGA

  55. Needs Approach

  56. No-Load Annuity

  57. No-Load Life Insurance

  58. Non-Contestability Clause

  59. Non-Scheduled Personal Property

  60. Non-Security

  61. Nonforfeiture Clause

  62. Nonledger Asset

  63. Occupancy Fraud

  64. Office Of The Comptroller Of The Currency - OCC

  65. Office Of The Superintendent Of Financial Institutions - OSFI

  66. Opinion Of Title

  67. Overcapitalization

  68. Own-Occupation Policy

  69. Participating Policy

  70. Past Service

  71. Payable Through Draft

  72. Peak Debt

  73. Pension Maximization

  74. Period Of Indemnity

  75. Permanent Life Insurance

  76. Pet Insurance

  77. Pink Slip Party

  78. PLUS Loan

  79. Policy Loan

  80. Portability

  81. Portable Benefits

  82. Portfolio Insurance

  83. Pre-Existing Condition

  84. Preferred Provider Organization – PPO

  85. Premium Income

  86. Prepaid Insurance

  87. Preventive Services

  88. Primary Beneficiary

  89. Primary Insurance Amount - PIA

  90. Private Mortgage Insurance - PMI

  91. Product Recall Insurance

  92. Professional Liability Insurance

  93. Property Insurance

  94. Provincial Parental Insurance Plan - PPIP

  95. Pujo Committee

  96. Pure Risk

  97. Qualified Mortgage Insurance Premium

  98. Ramani Ayer

  99. Reinstatement

  100. Reinsurance Sidecar

Hot Definitions
  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. Marginal Analysis

    An examination of the additional benefits of an activity compared to the additional costs of that activity. Companies use marginal analysis as a decision-making tool to help them maximize their profits. Individuals unconsciously use marginal analysis to make a host of everyday decisions. Marginal analysis is also widely used in microeconomics when analyzing how a complex system is affected by marginal manipulation of its comprising variables.
  6. Treasury Inflation Protected Securities - TIPS

    A treasury security that is indexed to inflation in order to protect investors from the negative effects of inflation. TIPS are considered an extremely low-risk investment since they are backed by the U.S. government and since their par value rises with inflation, as measured by the Consumer Price Index, while their interest rate remains fixed.
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