Definitions tagged as

Insurance Terminology

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  1. Level Death Benefit

  2. Level-Premium Insurance

  3. Life Annuity

  4. Life Option

  5. Life Settlement

  6. Lifetime Payout Annuity

  7. Lloyd's Of London

  8. Long-Term Care (LTC) Insurance

  9. Longevity Risk

  10. Loss Adjustment Expense (LAE)

  11. Loss Payee

  12. Loss Ratio

  13. Loss Settlement Amount

  14. Macro Risk

  15. Maintenance Bond

  16. Maturity Guarantee

  17. Microinsurance

  18. Mirror Fund

  19. Modified Payoff

  20. Monoline Insurance Company

  21. Monopolistic State Fund

  22. Morbidity Rate

  23. Mortality And Expense Risk Charge

  24. Multiline Insurance

  25. Mutual Insurance Company

  26. Mutual Mortgage Insurance Fund

  27. Named Beneficiary

  28. Named Perils Insurance Policy

  29. National Association Of Insurance And Financial Advisors - NAIFA

  30. National Association of Insurance Commissioners - NAIC

  31. National Insurance Contributions - NIC

  32. Net Premium

  33. Net Premiums Written

  34. No-Load Life Insurance

  35. Non-Contestability Clause

  36. Nonforfeiture Clause

  37. Nonledger Asset

  38. Office Of The Superintendent Of Financial Institutions - OSFI

  39. Opinion Of Title

  40. Overcapitalization

  41. Own-Occupation Policy

  42. Participating Policy

  43. Payable Through Draft

  44. Pension Risk Transfer

  45. Period Of Indemnity

  46. Permanent Life Insurance

  47. Policy Loan

  48. Policyholder Surplus

  49. Portfolio Insurance

  50. Pre-Existing Condition

  51. Preferred Provider Organization – PPO

  52. Premium Income

  53. Prepaid Insurance

  54. Primary Insurance Amount - PIA

  55. Private Mortgage Insurance - PMI

  56. Product Recall Insurance

  57. Provincial Parental Insurance Plan - PPIP

  58. Qualified Mortgage Insurance Premium

  59. Quick Liquidity Ratio

  60. Reinstatement

  61. Reinsurance Ceded

  62. Reinsurance Sidecar

  63. Reinsurer

  64. Renewable Term

  65. Reproduction Cost

  66. Reversionary Annuities

  67. Rider

  68. Risk Retention Group (RRG)

  69. Risk-Based Deposit Insurance

  70. Savings Association Insurance Fund - SAIF

  71. Scheduled Personal Property

  72. SEC Form N-6

  73. Second-To-Die Insurance

  74. Select Mortality Table

  75. Self-Build Insurance

  76. Self-insure

  77. Settlement Date

  78. Single Interest Insurance

  79. Single-Premium Life Insurance

  80. Solvency Capital Requirement

  81. Sprinkling Provision

  82. State Guaranty Fund

  83. Statutory Reserves

  84. Straight Life Annuity

  85. Stranger-Owned Life Insurance - STOLI

  86. Subrogation

  87. Substandard Health Annuity

  88. Substandard Insurance

  89. Supplemental Security Income - SSI

  90. Surrender Charge

  91. Surrender Fee

  92. Surrender Rights

  93. Takaful

  94. Term Certain Annuity

  95. Term Life Insurance

  96. Third-Party Claims Administrator

  97. Third-Party Insurance

  98. Title Binder

  99. Title Insurance

  100. Traditional Whole Life Policy

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