Insurance Terms

  1. Kidnap Insurance

  2. Leave-Sharing Plan

  3. Lender-Paid Private Mortgage Insurance

  4. Level Death Benefit

  5. Level-Premium Insurance

  6. Liability Insurance

  7. Life Annuity

  8. Life Estate

  9. Life Insurance

  10. Life Option

  11. Life Settlement

  12. Lifetime Payout Annuity

  13. Long-Term Care (LTC) Insurance

  14. Longevity Risk

  15. Loss Payee

  16. Loss Ratio

  17. Loss Settlement Amount

  18. Macro Risk

  19. Maintenance Bond

  20. Malpractice Insurance

  21. Maritime Law

  22. Maturity Guarantee

  23. Medicaid

  24. Medical Cost Ratio

  25. Medical Expenses

  26. Medical Savings Account - MSA

  27. Medicare

  28. Medicare Advantage

  29. Medicare And Medicaid Fraud

  30. Medicare Catastrophic Coverage Act Of 1988 - MCCA

  31. Medicare Doughnut Hole

  32. Medicare Hold Harmless Provision

  33. Medicare Part B Premiums

  34. Medicare Part D

  35. Medicare Supplementary Medical Insurance - SMI

  36. Microinsurance

  37. Minimum Essential Coverage

  38. Mirror Fund

  39. Modified Endowment Contract - MEC

  40. Modified Payoff

  41. Monoline Insurance Company

  42. Monopolistic State Fund

  43. Morbidity Rate

  44. Mortality And Expense Risk Charge

  45. Mortality Table

  46. Mortgage Insurance

  47. Mortgage Life Insurance

  48. Multiline Insurance

  49. Mutual Mortgage Insurance Fund

  50. Named Beneficiary

  51. Named Perils Insurance Policy

  52. National Association Of Insurance And Financial Advisors - NAIFA

  53. National Association of Insurance Commissioners - NAIC

  54. National Insurance Contributions - NIC

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

  56. Needs Approach

  57. No-Load Annuity

  58. No-Load Life Insurance

  59. Non-Contestability Clause

  60. Non-Scheduled Personal Property

  61. Non-Security

  62. Nonforfeiture Clause

  63. Nonledger Asset

  64. Occupancy Fraud

  65. Office Of The Comptroller Of The Currency - OCC

  66. Office Of The Superintendent Of Financial Institutions - OSFI

  67. Opinion Of Title

  68. Overcapitalization

  69. Own-Occupation Policy

  70. Participating Policy

  71. Past Service

  72. Payable Through Draft

  73. Peak Debt

  74. Pension Maximization

  75. Pension Risk Transfer

  76. Period Of Indemnity

  77. Permanent Life Insurance

  78. Pet Insurance

  79. Pink Slip Party

  80. PLUS Loan

  81. Policy Loan

  82. Portability

  83. Portable Benefits

  84. Portfolio Insurance

  85. Pre-Existing Condition

  86. Preferred Provider Organization – PPO

  87. Premium Income

  88. Prepaid Insurance

  89. Preventive Services

  90. Primary Beneficiary

  91. Primary Insurance Amount - PIA

  92. Private Mortgage Insurance - PMI

  93. Product Recall Insurance

  94. Professional Liability Insurance

  95. Property Insurance

  96. Provincial Parental Insurance Plan - PPIP

  97. Pujo Committee

  98. Pure Risk

  99. Qualified Mortgage Insurance Premium

  100. Ramani Ayer

Hot Definitions
  1. Leased Bank Guarantee

    A bank guarantee that is leased to a third party for a specific fee. The issuing bank will conduct due diligence on the creditworthiness of the customer looking to secure a bank guarantee, then lease a guarantee to that customer for a set amount of money and over a set period of time, typically less than two years.
  2. Degree Of Financial Leverage - DFL

    A ratio that measures the sensitivity of a company’s earnings per share (EPS) to fluctuations in its operating income, as a result of changes in its capital structure. Degree of Financial Leverage (DFL) measures the percentage change in EPS for a unit change in earnings before interest and taxes (EBIT).
  3. Jeff Bezos

    Self-made billionaire Jeff Bezos is famous for founding online retail giant Amazon.com.
  4. Re-fracking

    Re-fracking is the practice of returning to older wells that had been fracked in the recent past to capitalize on newer, more effective extraction technology. Re-fracking can be effective on especially tight oil deposits – where the shale products low yields – to extend their productivity.
  5. TIMP (acronym)

    'TIMP' is an acronym that stands for 'Turkey, Indonesia, Mexico and Philippines.' Similar to BRIC (Brazil, Russia, India and China), the acronym was coined by and investor/economist to group fast-growing emerging market economies in similar states of economic development.
  6. Pension Risk Transfer

    When a defined benefit pension provider offloads some or all of the plan’s risk – e.g.: retirement payment liabilities to former employee beneficiaries. The plan sponsor can do this by offering vested plan participants a lump-sum payment to voluntarily leave the plan, or by negotiating with an insurance company to take on the responsibility for paying benefits.
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