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Definitions (872)

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Miscellaneous Hospital Expense Benefit


A provision in a hospital expense policy providing for the payment of a benefit for expenses for necessary hospital services and supplies during a period of hospital confinement. Expenses commonly cov [..]
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miscellaneous hospital expense benefit


A provision in a hospital expense policy providing for the payment of a benefit for expenses for necessary hospital services and supplies during a period of hospital confinement. Expenses commonly cov [..]
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inspection report


A report (usually written) of an investigation of an applicant, generally conducted by an independent agency that specializes in insurance investigations. The report covers such matters as occupation, [..]
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Third-Party Over Suit


A lawsuit where a third party tries to recover damages assessed against that party by bringing suit against his or her employer.
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customer service representative


Customer Service Representatives support the work of insurance agents with a variety of tasks that must be done within a company or agency to deliver services to and handle requests from clients.
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cession


Amount of the insurance ceded to a reinsurer by the original insuring company in a reinsurance operation.
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Capital Retention Approach


A method used to estimate the amount of life insurance to own. Under this method, the insurance proceeds are retained and are not liquidated.
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Broadcasters Liability Insurance


The legal liabilities of a broadcaster are numerous and vary from the use of incorrect news stories, libel and slander, invasion of privacy, copyright infringement, and unauthorized use of plot, chara [..]
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Advance Premium Mutual


Mutual insurance company owned by the policyholders that does not issue assessable policies but charges premiums expected to be sufficient to pay all claims and expenses.
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Flex-Rating Law


Type of rating law in which prior approval of the rates is required only if the rates exceed a certain percentage above and below the rates previously filed. ยท Floaters: Insurance policies designed to [..]
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