The legal owner of a life insurance or annuity policy; may be the insured or annuitant or another party.

Term used to refer to the other party’s insurance company.

A demand by a person or business seeking to recover from an insurer for a loss that may be covered by an insurance policy.

Any form of insurance required by law.

An unreasonable or imprudent act resulting from carelessness, ignorance, thoughtlessness or inaction, but never the intention of an individual. Before a court awards to an injured party for the neglig [..]

A fee added to the premium to help defray the costs of acquisition and/or maintenance. The fee may be one-time or annual; some policies have no policy fee.

A periodic payment by the insured to the insurance company in exchange for insurance coverage.

Notice of premium due, sent out by the company or one of its agencies, to an insured and/or policy owner.

Surrendering the insured property to the insurer for repair or disposal after a covered loss event has occurred. Abandonment is not permitted under most property insurance contracts as it is generally [..]

A bodily injury which is not intentionally self-inflicted.