Insurance Terms

  1. Unscheduled Property Floater

  2. Unsolicited Application

  3. Up-Front Mortgage Insurance - UFMI

  4. Use and Occupancy Insurance – U&O

  5. Validation Period

  6. Valuable Papers Insurance

  7. Valuation Clause

  8. Valuation Mortality Table

  9. Valuation Premium

  10. Valuation Reserve

  11. Value Reporting Form

  12. Valued Marine Policy

  13. Valued Policy Law - VPL

  14. Values

  15. Vandalism And Malicious Mischief Insurance

  16. Vandalism Endorsement

  17. Vanishing Premium

  18. Vanishing Premium Policy

  19. Variable Annuity

  20. Variable Death Benefit

  21. Variable Life Insurance Policy

  22. Variable Survivorship Life Insurance

  23. Variable Universal Life Insurance - VUL

  24. Vermin Exclusion

  25. Veterans Group Life Insurance - VGLI

  26. Viatical Settlement

  27. Viatication

  28. Viator

  29. Vision Care Insurance

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

  31. Voluntary Employees' Beneficiary Association - VEBA

  32. Voluntary Lien

  33. Voluntary Life Insurance

  34. Voluntary Reserve

  35. Waiting Period

  36. Waiver Of Coinsurance Clause

  37. Waiver Of Inventory Clause

  38. Waiver Of Premium For Disability

  39. Waiver Of Premium For Payer Benefit

  40. Waiver Of Premium Rider

  41. Waiver Of Restoration Premium

  42. Waiver Of Subrogation

  43. War Damage Insurance Corporation

  44. War Exclusion Clause

  45. War Risk Insurance

  46. Warehouse-To-Warehouse Clause

  47. Warehouser's Liability Form

  48. Water Damage Clause

  49. Water Damage Insurance

  50. Water Damage Legal Liability Insurance

  51. Water Exclusion Clause

  52. Water Pollution Liability

  53. Water Quality Insurance Syndicate - WQIS

  54. Watercraft Nonowned Insurance

  55. Waterfall Concept

  56. Wear And Tear Exclusion

  57. Weather Insurance

  58. Wedding Presents Floater

  59. Weekly Premium Insurance

  60. Weight Of Ice, Snow Or Sleet Insurance

  61. Wellness Program

  62. White List States

  63. Whole Life Annuity

  64. Whole Life Annuity Due

  65. Whole Life Insurance Policy

  66. Wholesale Insurance

  67. Wholesale Life Insurance

  68. Window Guaranteed Investment Contract

  69. Windstorm Hazard

  70. Windstorm Insurance

  71. Winter Range Form

  72. Wisconsin State Life Fund

  73. Without Evidence of Insurability

  74. Women Leaders Round Table - WLRT

  75. Wool Growers Floater

  76. Work And Materials Clause

  77. Workers' Compensation

  78. Workers' Compensation Coverage A

  79. Workers' Compensation Coverage B

  80. World Insurance

  81. Worldwide Coverage

  82. Wrap-Around Insurance Program

  83. Wrap-Up Insurance

  84. Written Premium

  85. Yacht Insurance

  86. Yearly Price Of Protection Method

  87. Yearly Probability Of Dying

  88. Yearly Probability Of Living

  89. Yearly Renewable Group Term Insurance

  90. Yearly Renewable Term - YRT

  91. Yearly Renewable Term Plan of Reinsurance

  92. Years Certain Annuity

Hot Definitions
  1. 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.
  2. 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.
  3. 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.
  4. Gilt-Edged Switching

    The selling and repurchasing of certain high-grade stocks or bonds to capture profits. Gilt-edged switching involves gilt-edged security, which can be high-grade stock or bond issued by a financially stable company such as the Blue Chip companies or by certain governments.
  5. Master Limited Partnership - MLP

    A type of limited partnership that is publicly traded. There are two types of partners in this type of partnership: The limited partner is the person or group that provides the capital to the MLP and receives periodic income distributions from the MLP's cash flow, whereas the general partner is the party responsible for managing the MLP's affairs and receives compensation that is linked to the performance of the venture.
  6. Class Action

    An action where an individual represents a group in a court claim. The judgment from the suit is for all the members of the group (class).
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