See American Association of Insurance Services.

Relinquishing ownership of lost or damaged property by the insured to the insurance company so that a total loss may be claimed. This is prohibited in most types of property insurance.

Assignment by a policyowner of all control of and rights in the policy to a third party.

A liability that arises from extremely dangerous operations, such as the use of explosives (e.g., a contractor would almost certainly be liable for damages caused by vibrations of the earth following [..]

Insurance acceptance occurs when an applicant for insurance receives the policy from the company and, in the case of general insurance, pays the premium. In life insurance, since the initial premium i [..]

The availability of medical care to a patient. This can be determined by location, transportation, type of medical services in the area, etc.

An older name for health insurance. See Health Insurance.

Insurance against loss by accidental bodily injury to the insured.

See Loss Prevention Service.

Measures premiums and losses relating to accidents which occurred during a 12-month period.