Insurance Terms

  1. Ramani Ayer

  2. Reinstatement

  3. Reinsurance Sidecar

  4. Reinsurer

  5. Renewable Term

  6. Renter's Insurance

  7. Replacement Property

  8. Reproduction Cost

  9. Reversionary Annuities

  10. Revocable Beneficiary

  11. Rider

  12. Risk-Based Deposit Insurance

  13. Safe Deposit Box

  14. Savings Association Insurance Fund - SAIF

  15. Scheduled Personal Property

  16. SEC Form N-6

  17. Second-To-Die Insurance

  18. Secondary Beneficiary

  19. Select Mortality Table

  20. Self-Build Insurance

  21. Self-insure

  22. Settlement Date

  23. Single Interest Insurance

  24. Single-Life Payout

  25. Single-Premium Deferred Annuity - SPDA

  26. Single-Premium Life Insurance

  27. Soft Paper Report

  28. Solvency Capital Requirement

  29. Special Needs Trust

  30. Special Warranty Deed

  31. Sprinkling Provision

  32. State Guaranty Fund

  33. State Medicaid Program

  34. Statutory Liability

  35. Statutory Reserves

  36. Straight Life Annuity

  37. Stranger-Owned Life Insurance - STOLI

  38. Subrogation

  39. Substandard Health Annuity

  40. Substandard Insurance

  41. Supplemental Security Income - SSI

  42. Surrender Charge

  43. Surrender Fee

  44. Surrender Period

  45. Surrender Rights

  46. Survival Analysis

  47. Takaful

  48. Tandem Plan

  49. Term Certain Annuity

  50. Term Life Insurance

  51. Testamentary Will

  52. Third-Party Claims Administrator

  53. Third-Party Insurance

  54. Timeshare

  55. Title Binder

  56. Title Insurance

  57. Tomijiro Morita

  58. Traditional Whole Life Policy

  59. Transfer of Mortgage

  60. Transfer Of Risk

  61. Transfer-For-Value Rule

  62. Transferable Insurance Policies - TIPS

  63. Travel Insurance

  64. Trust-Owned Life Insurance - TOLI

  65. Tuition Insurance

  66. Uberrimae Fidei Contract

  67. Ultimate Mortality Table

  68. Ultimate Net Loss

  69. Umbrella Insurance Policy

  70. Umbrella Personal Liability Policy

  71. Umpire Clause

  72. Unallocated Benefit

  73. Unauthorized Insurance

  74. Unauthorized Insurer

  75. Unbundled Life Insurance Policy

  76. Underinsurance

  77. Underinsured Motorist Coverage

  78. Underinsured Motorist Endorsement

  79. Underlying Mortality Assumption

  80. Underlying Retention

  81. Underwriting

  82. Underwriting Cycle

  83. Underwriting Fees

  84. Underwriting Income

  85. Underwriting Risk

  86. Unearned Premium

  87. Unemployment Claim

  88. Unemployment Compensation

  89. Unemployment Insurance

  90. Unfair Claims Practice

  91. Uniform Individual Accident And Sickness Policy Provisions Act

  92. Uniform Policy Provisions, Health Insurance

  93. Uninsurable Peril

  94. Uninsurable Property

  95. Uninsurable Risk

  96. Uninsured Certificate Of Deposit

  97. Uninsured Motorist Coverage - UM

  98. Unintentional Tort

  99. Unisex Legislation

  100. Unit Linked Insurance Plan - ULIP

Hot Definitions
  1. Effective Annual Interest Rate

    An investment's annual rate of interest when compounding occurs more often than once a year. Calculated as the following:
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
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