Insurance Terms Dictionary
A detailed explanation of advance premiums in insurance, including their impact on accounting practices.
Insurance Terms Dictionary
Definition and explanation of 'Commencement Date' in insurance, including its significance and related regulatory context.
Insurance Terms Dictionary
Exploration of the term 'Conditions' in an insurance policy, defining its importance and implications for the insured and insurer.
Insurance Terms Dictionary
A basic definition and understanding of the 'date of issue' in relation to insurance policies.
Insurance Terms Dictionary
Explanation of an insurance policy endorsement, detailing its role and significance in modifying the original insurance agreement.
Insurance Terms Dictionary
A guide to understanding the maximum value that can be derived from an insurance policy, commonly known as the policy limits.
Insurance Terms Dictionary
Definition and consequences of a policy lapse in insurance due to non-payment of premiums.
Insurance Terms Dictionary
A detailed explanation of 'Premiums Earned' in the insurance industry, which depicts the amount of the insurance premium considered earned by the provider, covering the elapsed portion of the policy.
Insurance Terms Dictionary
An explanation of viatical settlements, which involve the sale of a life insurance policy by a policyholder facing a chronic or terminal illness.
