Insurance Terms

  1. Unrecorded Deed

  2. Unscheduled Property Floater

  3. Unsolicited Application

  4. Up-Front Mortgage Insurance - UFMI

  5. Use and Occupancy Insurance – U&O

  6. Validation Period

  7. Valuable Papers Insurance

  8. Valuation Clause

  9. Valuation Mortality Table

  10. Valuation Premium

  11. Valuation Reserve

  12. Value Reporting Form

  13. Valued Marine Policy

  14. Valued Policy Law - VPL

  15. Values

  16. Vandalism And Malicious Mischief Insurance

  17. Vandalism Endorsement

  18. Vanishing Premium

  19. Vanishing Premium Policy

  20. Variable Annuity

  21. Variable Death Benefit

  22. Variable Life Insurance Policy

  23. Variable Survivorship Life Insurance

  24. Variable Universal Life Insurance - VUL

  25. Vermin Exclusion

  26. Veterans Group Life Insurance - VGLI

  27. Viatical Settlement

  28. Viatication

  29. Viator

  30. Vision Care Insurance

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

  32. Voluntary Employees' Beneficiary Association - VEBA

  33. Voluntary Lien

  34. Voluntary Life Insurance

  35. Voluntary Reserve

  36. Waiting Period

  37. Waiver Of Coinsurance Clause

  38. Waiver Of Inventory Clause

  39. Waiver Of Premium For Disability

  40. Waiver Of Premium For Payer Benefit

  41. Waiver Of Premium Rider

  42. Waiver Of Restoration Premium

  43. Waiver Of Subrogation

  44. War Damage Insurance Corporation

  45. War Exclusion Clause

  46. War Risk Insurance

  47. Warehouse-To-Warehouse Clause

  48. Warehouser's Liability Form

  49. Water Damage Clause

  50. Water Damage Insurance

  51. Water Damage Legal Liability Insurance

  52. Water Exclusion Clause

  53. Water Pollution Liability

  54. Water Quality Insurance Syndicate - WQIS

  55. Watercraft Nonowned Insurance

  56. Waterfall Concept

  57. Wear And Tear Exclusion

  58. Weather Insurance

  59. Wedding Presents Floater

  60. Weekly Premium Insurance

  61. Weight Of Ice, Snow Or Sleet Insurance

  62. Wellness Program

  63. White List States

  64. Whole Life Annuity

  65. Whole Life Annuity Due

  66. Whole Life Insurance Policy

  67. Wholesale Insurance

  68. Wholesale Life Insurance

  69. Window Guaranteed Investment Contract

  70. Windstorm Hazard

  71. Windstorm Insurance

  72. Winter Range Form

  73. Wisconsin State Life Fund

  74. Without Evidence of Insurability

  75. Women Leaders Round Table - WLRT

  76. Wool Growers Floater

  77. Work And Materials Clause

  78. Workers' Compensation

  79. Workers' Compensation Coverage A

  80. Workers' Compensation Coverage B

  81. World Insurance

  82. Worldwide Coverage

  83. Wrap-Around Insurance Program

  84. Wrap-Up Insurance

  85. Written Premium

  86. Yacht Insurance

  87. Yearly Price Of Protection Method

  88. Yearly Probability Of Dying

  89. Yearly Probability Of Living

  90. Yearly Renewable Group Term Insurance

  91. Yearly Renewable Term - YRT

  92. Yearly Renewable Term Plan of Reinsurance

  93. Years Certain Annuity

Hot Definitions
  1. Benchmark Bond

    A bond that provides a standard against which the performance of other bonds can be measured. Government bonds are almost always used as benchmark bonds. Also referred to as "benchmark issue" or "bellwether issue".
  2. Market Capitalization

    The total dollar market value of all of a company's outstanding shares. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share. The investment community uses this figure to determine a company's size, as opposed to sales or total asset figures.
  3. Oil Reserves

    An estimate of the amount of crude oil located in a particular economic region. Oil reserves must have the potential of being extracted under current technological constraints. For example, if oil pools are located at unattainable depths, they would not be considered part of the nation's reserves.
  4. Joint Venture - JV

    A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. In a joint venture (JV), each of the participants is responsible for profits, losses and costs associated with it.
  5. 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.
  6. 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.
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