Insurance Terms

  1. Universal Health Care Coverage

  2. Universal Life Insurance

  3. Unrecorded Deed

  4. Unscheduled Property Floater

  5. Unsolicited Application

  6. Up-Front Mortgage Insurance - UFMI

  7. Use and Occupancy Insurance – U&O

  8. Validation Period

  9. Valuable Papers Insurance

  10. Valuation Clause

  11. Valuation Mortality Table

  12. Valuation Premium

  13. Valuation Reserve

  14. Value Reporting Form

  15. Valued Marine Policy

  16. Valued Policy Law - VPL

  17. Values

  18. Vandalism And Malicious Mischief Insurance

  19. Vandalism Endorsement

  20. Vanishing Premium

  21. Vanishing Premium Policy

  22. Variable Annuity

  23. Variable Death Benefit

  24. Variable Life Insurance Policy

  25. Variable Survivorship Life Insurance

  26. Variable Universal Life Insurance - VUL

  27. Vermin Exclusion

  28. Veterans Group Life Insurance - VGLI

  29. Viatical Settlement

  30. Viatication

  31. Viator

  32. Vision Care Insurance

  33. Voluntary Accidental Death And Dismemberment Insurance - VAD&D

  34. Voluntary Employees' Beneficiary Association - VEBA

  35. Voluntary Lien

  36. Voluntary Life Insurance

  37. Voluntary Reserve

  38. Waiting Period

  39. Waiver Of Coinsurance Clause

  40. Waiver Of Inventory Clause

  41. Waiver Of Premium For Disability

  42. Waiver Of Premium For Payer Benefit

  43. Waiver Of Premium Rider

  44. Waiver Of Restoration Premium

  45. Waiver Of Subrogation

  46. War Damage Insurance Corporation

  47. War Exclusion Clause

  48. War Risk Insurance

  49. Warehouse-To-Warehouse Clause

  50. Warehouser's Liability Form

  51. Water Damage Clause

  52. Water Damage Insurance

  53. Water Damage Legal Liability Insurance

  54. Water Exclusion Clause

  55. Water Pollution Liability

  56. Water Quality Insurance Syndicate - WQIS

  57. Watercraft Nonowned Insurance

  58. Waterfall Concept

  59. Wear And Tear Exclusion

  60. Weather Insurance

  61. Wedding Presents Floater

  62. Weekly Premium Insurance

  63. Weight Of Ice, Snow Or Sleet Insurance

  64. Wellness Program

  65. White List States

  66. Whole Life Annuity

  67. Whole Life Annuity Due

  68. Whole Life Insurance Policy

  69. Wholesale Insurance

  70. Wholesale Life Insurance

  71. Window Guaranteed Investment Contract

  72. Windstorm Hazard

  73. Windstorm Insurance

  74. Winter Range Form

  75. Wisconsin State Life Fund

  76. Without Evidence of Insurability

  77. Women Leaders Round Table - WLRT

  78. Wool Growers Floater

  79. Work And Materials Clause

  80. Workers' Compensation

  81. Workers' Compensation Coverage A

  82. Workers' Compensation Coverage B

  83. World Insurance

  84. Worldwide Coverage

  85. Wrap-Around Insurance Program

  86. Wrap-Up Insurance

  87. Written Premium

  88. Yacht Insurance

  89. Yearly Price Of Protection Method

  90. Yearly Probability Of Dying

  91. Yearly Probability Of Living

  92. Yearly Renewable Group Term Insurance

  93. Yearly Renewable Term - YRT

  94. Yearly Renewable Term Plan of Reinsurance

  95. Years Certain Annuity

Hot Definitions
  1. 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.
  2. XW

    A symbol used to signify that a security is trading ex-warrant. XW is one of many alphabetic qualifiers that act as a shorthand to tell investors key information about a specific security in a stock quote. These qualifiers should not be confused with ticker symbols, some of which, like qualifiers, are just one or two letters.
  3. Quanto Swap

    A swap with varying combinations of interest rate, currency and equity swap features, where payments are based on the movement of two different countries' interest rates. This is also referred to as a differential or "diff" swap.
  4. Genuine Progress Indicator - GPI

    A metric used to measure the economic growth of a country. It is often considered as a replacement to the more well known gross domestic product (GDP) economic indicator. The GPI indicator takes everything the GDP uses into account, but also adds other figures that represent the cost of the negative effects related to economic activity (such as the cost of crime, cost of ozone depletion and cost of resource depletion, among others).
  5. Accelerated Share Repurchase - ASR

    A specific method by which corporations can repurchase outstanding shares of their stock. The accelerated share repurchase (ASR) is usually accomplished by the corporation purchasing shares of its stock from an investment bank. The investment bank borrows the shares from clients or share lenders and sells them to the company.
  6. Microeconomic Pricing Model

    A model of the way prices are set within a market for a given good. According to this model, prices are set based on the balance of supply and demand in the market. In general, profit incentives are said to resemble an "invisible hand" that guides competing participants to an equilibrium price. The demand curve in this model is determined by consumers attempting to maximize their utility, given their budget.
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