Insurance

  1. Umbrella Insurance Policy

    An umbrella insurance policy provides extra liability insurance coverage that goes beyond the limits of the insured's home, ...
  2. Actuarial Service

    Actuarial service is one way corporations determine, assess and plan for the financial impact of risk.
  3. Viatical Settlement

    A viatical settlement is when someone (usually) with a terminal disease sells their life insurance policy at a discount from ...
  4. Cession

    Cession refers to the portions of obligations in an insurance company's policy portfolio that are transferred to a reinsurer.
  5. Underinsurance

    Underinsurance refers to inadequate insurance coverage held by a policyholder.
  6. Own-Occupation Policy

    An own-occupation policy covers individuals who become disabled and can't perform what they have been trained to perform.
  7. Book Runner

    A book runner is the main underwriter or lead manager in the issuance of new equity, debt, or securities instruments.
  8. Human-Life Approach

    The human-life approach calculates the amount of life insurance a family needs based on the financial loss they'd experience ...
  9. Guideline Premium And Corridor Test (GPT)

    The Guideline Premium And Corridor Test (GPT) is used to determine whether an insurance product can be taxed as insurance ...
  10. Cedent

    A cedent is a party in an insurance contract who passes financial obligation for certain potential losses to the insurer.
  11. Floater Insurance

    Floater insurance covers property that is easily movable and provides additional coverage beyond the scope of traditional ...
  12. Homeowners Protection Act

    The Homeowners Protection Act reduces the unnecessary payment of private mortgage insurance (PMI) by homeowners who are no ...
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    Starting a new job is stressful, but you don't need to sweat about setting up a benefits package.
  14. Guaranteed Investment Fund (GIF)

    A guaranteed investment fund allows a client to invest in an equity, bond or index fund with the promise of a predefined ...
  15. Seasoned Issue

    A seasoned issue is the issue of additional securities from an established company whose securities already trade in the ...
  16. Chain Ladder Method (CLM)

    The Chain Ladder Method (CLM) calculates the claims reserve requirement in an insurance company’s financial statement.
  17. Assumed Interest Rate (AIR)

    Assumed interest rate (AIR) is the rate of interest or growth rate selected by an insurance company.
  18. Capitated Contract

    A captitated contract is a healthcare plan that provides payment of a flat fee for each patient it covers.
  19. Bulge Bracket

    A bulge bracket is slang that describes the company or companies in an underwriting syndicate that issued the largest amount ...
  20. Greenshoe Option

    A greenshoe option is a provision in an IPO underwriting agreement that grants the underwriter the right to sell more shares ...
  21. Second-To-Die Insurance

    Second-to-die insurance is a type of life insurance on two people that provides benefits to the beneficiaries only after ...
  22. Certain And Continuous

    Certain and continuous is a type of annuity that guarantees a number of payments, even if the annuitant dies.
  23. Bank Insurance

    Bank insurance is a guarantee by the Federal Deposit Insurance Corporation (FDIC) of deposits in a bank.
  24. Insurance Grace Period

    An insurance grace period is a defined amount of time after the premium is due in which a policyholder can make a premium ...
  25. Renter's Insurance

    Renter's insurance is property insurance that covers a policyholder's belongings, liability and possibly living expenses ...
  26. Mortality And Expense Risk Charge

    A mortality and expense risk charge is a variable annuity fee that compensates insurance companies for risks and expenses ...
  27. Hurricane Deductible

    A hurricane deductible is the amount a homeowner must pay before insurance will cover the damage caused by a hurricane.
  28. Care, Custody Or Control (CCC)

    Care, custody or control (CCC) is a liability insurance exclusion that removes indemnification for the insured when a property ...
  29. Insurance Risk Class

    An insurance risk class has similar characteristics, which are used to determine risks of underwriting a policy and the premium ...
  30. Constructive Total Loss

    A constructive total loss is when the cost for repair of an item exceeds current value and the insurance claim settles for ...
  31. Aleatory Contract

    In an aleatory contract, the parties do not have to perform a particular action until a specific event occurs, such as natural ...
  32. Long-Tail Liability

    A long-tail liability is a type of liability that carries a long settlement period.
  33. Accumulated Value

    Accumulated value is the total amount an investment currently holds, including the capital invested and interest earned to ...
  34. Policy Loan

    A policy loan is issued by an insurance company that uses the cash value of a person's life insurance policy as collateral.
  35. Life insurance versus annuity

    There are certain scenarios in which investing in insurance is a savvy move. But expect a big chunk of your money to go toward ...
  36. Admitted Insurance

    Admitted insurance is purchased from an insurance company that has been formally admitted or licensed to operate by the state ...
  37. Public Company

    A public company issues securities through an initial public offering (IPO) and has its shares traded on a stock exchange ...
  38. Payback Period

    The payback period is a capital budgeting method that calculates the time required to recoup the cost of an investment while ...
  39. Automatic Premium Loan

    An automatic premium loan is a policy provision that lets the insurer deduct the outstanding premium from the value of the ...
  40. Insurance Company Credit Rating

    An insurance company credit rating is the opinion of an independent agency regarding the financial strength of an insurance ...
  41. Bundling

    Bundling is a marketing strategy that joins products or services together in order to sell them as a single combined unit.
  42. Surrender Charge

    A surrender charge is a fee levied on a life insurance policyholder upon cancellation of their life insurance policy.
  43. Uberrimae Fidei Contract

    An uberrimae fidei contract is a legal agreement requiring the highest standard of good faith. "Uberrimae fidei" is Latin ...
  44. Monoline Insurance Company

    A monoline insurance company provides guarantees to issuers, often in the form of credit wraps, that enhance the credit of ...
  45. Valued Policy Law (VPL)

    Valued Policy Law (VPL) is a statute that requires insurance companies to pay the full value of a policy to the insured in ...
  46. Business Owner Policy (BOP)

    A business owner policy (BOP) combines protection from all major property and liability risks into one package.
  47. Creating a Formal Plan for Long-Term Care

    Talking about long-term care is never fun, but it's best to do it before it becomes a necessity.
  48. Portfolio Sale

    A portfolio sale is the sale of a large group of related financial assets in a single transaction.
  49. Actuarial Science

    Actuarial science is a discipline that assesses financial risks in the insurance and finance fields, using mathematical and ...
  50. Difference In Conditions (DIC) Insurance

    Difference in conditions insurance provides expanded coverage for some perils that are not covered by standard insurance ...
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Hot Definitions
  1. Yield Curve

    A yield curve is a line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but ...
  2. Gross Profit

    Gross profit is the profit a company makes after deducting the costs of making and selling its products, or the costs of ...
  3. Risk Tolerance

    The degree of variability in investment returns that an individual is willing to withstand. Risk tolerance is an important ...
  4. Donchian Channels

    A moving average indicator developed by Richard Donchian. It plots the highest high and lowest low over the last period time ...
  5. Consumer Price Index - CPI

    A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, ...
  6. Moving Average - MA

    A moving average (MA) is a widely used indicator in technical analysis that helps smooth out price action by filtering out ...
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