Insurance Basics

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January 1, 1 1 min read Definitions
Insurance Terms Dictionary
Date of Issue
Insurance Basics Policy Management Date of Issue Insurance Policy Policy Issuance Date Policy Issuance Insurance Terms
A basic definition and understanding of the 'date of issue' in relation to insurance policies.
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January 1, 1 2 min read Definitions
Insurance Terms Dictionary
Deductible
Insurance Basics Policy Components Deductible Insurance Terms Policy Holder Loss Payment Out-of-Pocket Deductible Insurance Policy Financial Responsibility Insurance Claim
Understanding the insured's portion called deductible that's paid out-of-pocket in an insurance claim.
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January 1, 1 1 min read Definitions
Insurance Terms Dictionary
Direct Incurred Loss
Insurance Basics Claims Processing Direct Incurred Loss, Insurance, Proximate Cause, Insured Peril, Claim Processing Direct Incurred Loss Proximate Cause Insured Peril Loss
Understand the definition of Direct Incurred Loss in insurance, including how it relates to proximate cause and insured peril.
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January 1, 1 2 min read Definitions
Insurance Terms Dictionary
Direct Loss
Insurance Basics Direct Loss Insurance Property Damage Covered Peril Real Property Personal Property Direct Loss Property Insurance Insurance Coverage
A detailed definition and explanation of direct loss in insurance terms.
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January 1, 1 1 min read Definitions
Insurance Terms Dictionary
Domestic Insurer
Insurance Basics Regulatory Terms Domestic Insurer Insurance Regulation State Insurance License Domestic Insurer Insurance License Domicile
A comprehensive guide to understanding what constitutes a domestic insurer within the context of state-based insurance regulation in the United States.
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January 1, 1 2 min read Definitions
Insurance Terms Dictionary
Endorsement
Insurance Basics Policy Management Endorsement Insurance Policy Rider Policy Adjustment Insurance Terms Endorsement Amendment Insurance Policy Rider Coverage Adjustment
Explanation of an insurance policy endorsement, detailing its role and significance in modifying the original insurance agreement.
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January 1, 1 1 min read Definitions
Insurance Terms Dictionary
Enrollment
Insurance Basics Enrollment Insurance Enrollment Insurance Terms Enrollment Coverage Insurance Plans
A comprehensive explanation of the term 'enrollment' in the insurance context.
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January 1, 1 1 min read Definitions
Insurance Terms Dictionary
Expense Ratio
Insurance Basics Financial Metrics Expense Ratio Insurance Metrics Operational Efficiency Premium Income Insurance Expenses Expense Ratio Insurance Premium Operational Costs
An overview of the expense ratio metric used in the insurance industry to assess operational efficiency.
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January 1, 1 2 min read Definitions
Insurance Terms Dictionary
Face Amount
Insurance Basics Policy Terms Face Amount Insurance Policy Policy Maturity Death Benefit Insurance Policy Value Life Insurance Death Benefit Maturity
Understanding the Face Amount in an Insurance Policy
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January 1, 1 1 min read Definitions
Insurance Terms Dictionary
Financial Statement
Insurance Basics Financial Reporting Financial Statement Insurance Company NAIC State Insurance Commissioners Reserve Requirements Assets Liabilities Financial-Statement Insurance Regulation Compliance Accounting
A comprehensive guide to understanding the financial statements of an insurance company.
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January 1, 1 2 min read Definitions
Insurance Terms Dictionary
Guaranty Fund
Insurance Basics Policyholder Protection Guaranty Fund, Insurance, Insolvency, Policyholder Protection Guaranty Fund Insurance Insolvency State Protection Policyholder Obligations
A comprehensive explanation of Guaranty Funds in the insurance industry, detailing the protection they offer to policyholders in the event of insurer insolvency.
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January 1, 1 2 min read Definitions
Insurance Terms Dictionary
Independent Agent
Insurance Basics Professional Roles Independent Agent Insurance Agent American Agency System Insurance Independent Agent Insurance Policies Multi-Company Representation
Learn what an independent insurance agent does, how they differ from captive agents, and their role in the insurance industry.
Read more about Independent Agent.

Insurance Terms Dictionary

Insurance 130 Insurance Terms 76 Insurance Basics 67 Health Insurance 52 Risk Management 35 Business Insurance 32 Property Insurance 32 Finance 27 Life Insurance 24 Retirement Planning 22 Insurance Products 21 Liability Insurance 21 Commercial Insurance 14 Insurance Law 14 Insurance Types 14 Accounting 12 Financial Products 11 Insurance Fundamentals 11 Reinsurance 11 Annuities 10 Regulatory Compliance 10 Policy Management 9 Auto Insurance 8 Insurance Policies 8 Personal Insurance 8 Claims Management 7 Financial Instruments 7 Financial Metrics 7 Financial Planning 7 Financial Terms 7 Investments 7 Securities 7 Employee Benefits 6 Insurance Glossary 6 Real Estate 6 Compliance 5 Credit Insurance 5 Disability Insurance 5 Federal Programs 5 Financial Services 5 Insurance Terminology 5 Agricultural Insurance 4 Claims Processing 4 Financial Management 4 Financial Protection 4 Financial Reporting 4 Healthcare 4 Insurance Accounting 4 Accounting in Insurance 3 Corporate Governance 3 Credit Protection 3 Financial Regulation 3 Insurance Definitions 3 Insurance Professionals 3 Insurance Regulation 3 Insurance Regulations 3 Investment 3 Investment Options 3 Legal 3 Marine Insurance 3 Medicare 3 Professional Roles 3 Regulatory 3 Regulatory Terms 3 Asset Management 2 Automobile Insurance 2 Automotive Insurance 2 Aviation Insurance 2 Consumer Protection 2 Corporate Insurance 2 Financial Law 2 Financial Regulations 2 Financial Security 2 Government Programs 2 Healthcare Insurance 2 Homeowners Insurance 2 Insurance Concepts 2 Insurance Education 2 Insurance Industry 2 Legal Terms 2 Market Conditions 2 Policy Terms 2 Policy Types 2 Professional Liability 2 Real Estate Finance 2 Residential Insurance 2 Retirement Plans 2 Underwriting 2 Vehicle Insurance 2 Workers' Compensation 2 Accident Insurance 1 Accounting Practices 1 Accounting Standards 1 Accounting Terms 1 Actuarial Analysis 1 Actuarial Science 1 Actuarial Tools 1 Additional Coverage 1 Additional Coverages 1 Agriculture 1
Insurance 135 Insurance Policy 35 Health Insurance 30 Insurance, 26 Risk Management 22 Insurance Claims 21 Insurance Coverage 20 Property Insurance 19 Life Insurance 18 Insurance Terms 17 Property Damage 17 Reinsurance 17 Business Insurance 15 Retirement Planning 14 Liability Coverage 13 Insurance Regulation 12 Liability Insurance 12 Bodily Injury 11 Insurance Accounting 10 Insurance Premium 10 Annuity 9 Coverage 9 Insurance Risk 8 NAIC 8 Credit Insurance 7 Insurance Premiums 7 Liability 7 Policy 7 Property Coverage 7 Claims 6 Employee Benefits 6 Insurance Company 6 Insurance Contract 6 Investment 6 Premium 6 Auto Insurance 5 Financial Planning 5 Financial Reporting 5 Group Annuities 5 Insurance Policies 5 Legal Liability 5 Life 5 Medicare 5 Negligence 5 Personal Property 5 Policyholder 5 Premiums 5 Property 5 Risk 5 Risk Transfer 5 Book Value 4 Casualty Insurance 4 Coverage, 4 Debt Protection 4 Depreciation 4 Disability Income Insurance 4 Earned Premium 4 Finance 4 Financial 4 Flood Insurance 4 High Risk Insurance 4 HMO 4 IBNR 4 Individual Annuities 4 Insurance Agent 4 Insurance Claim 4 Insurance Industry 4 Insurance Regulations 4 Investment Income 4 Investment Portfolio 4 Managed Care 4 Medical Expenses 4 Non-Variable Annuities 4 Real Property 4 Reinsurer 4 Risk-Based Capital 4 Accident 3 Accident Insurance 3 Accounting 3 Actual Cash Value 3 Agricultural Insurance 3 Annuity, 3 Automobile Insurance 3 Benefits 3 CMS 3 Commercial Insurance 3 Commercial Vehicle Insurance 3 Contract 3 Debtor Insurance 3 Disability Coverage 3 Dual Interest Insurance 3 Financial Instruments 3 Financial Security 3 Flood Coverage 3 Health Coverage 3 Healthcare 3 Healthcare Services 3 Homeowners Insurance 3 Hull Insurance 3 Immediate Annuities 3
Insurance 92 Insurance Policy 43 Risk Management 37 Coverage 33 Insurance Terms 25 Liability 19 Finance 18 Life Insurance 18 Insurance Coverage 17 Investment 17 Property Insurance 16 Reinsurance 16 Retirement 15 Claims 12 Health Insurance 12 Premiums 11 Annuity 10 Financial Planning 10 Property Damage 10 Insurance Regulation 9 Policy 9 Premium 9 Compliance 8 Financial Security 8 Liability Coverage 8 NAIC 8 Accounting 7 Annuities 7 Business Insurance 7 Financial Protection 7 Healthcare 7 Insurance Accounting 7 Insurance Finance 7 Liability Insurance 7 Negligence 7 Property 7 Regulation 7 Risk 7 Underwriting 7 Commercial Insurance 6 Financial Stability 6 Insurance Law 6 Legal 6 Loss 6 Medicare 6 Bodily Injury 5 Group Insurance 5 HMO 5 Home Insurance 5 Insurance Claims 5 Insurance Glossary 5 Insurance Industry 5 Legal Liability 5 Mortgage 5 Personal Property 5 Policyholder 5 Risk Assessment 5 Auto Insurance 4 Beneficiary 4 Business 4 Commercial 4 IBNR 4 Insurance Claim 4 Insurance Policies 4 Medical Expenses 4 Reserves 4 Rider 4 State Law 4 Surplus 4 Valuation 4 Accident Insurance 3 Actuary 3 Agriculture 3 Asset Management 3 Balance Sheet 3 Bonds 3 Ceding Company 3 Claims Processing 3 Collateral 3 Compensation 3 Contract 3 Credit Transaction 3 Creditor 3 Death Benefit 3 Debt 3 Deductible 3 Deferred Annuities 3 Deferred Annuity 3 Derivatives 3 Disability 3 Disability Insurance 3 Earthquake 3 Employee Benefits 3 Excess Insurance 3 Exclusions 3 Farm Insurance 3 Financial Statements 3 Flood 3 Health Plan 3 Health-Coverage 3