A detailed definition and explanation of an insurer, including authorization and operational scope as per state law regarding property and casualty insurance.
An in-depth look at the Joint and Last Survivor Annuity, a type of retirement plan designed to provide payments as long as one of the annuitants remains alive.
A detailed explanation of Joint Underwriting Associations (JUAs), which are collaborations among insurance companies to provide added capacity for covering risks that are too large or complex for a single company.
Explore the definition and essential features of a Joint-Life Annuity, a special type of insurance product designed to provide payouts during the lifetime of two or more annuitants, typically until the first annuitant passes away.
Understanding the concept of liability in the context of the insurance industry, detailing its characteristics, and illustrating its regulatory implications.
Understand the basics and benefits of an Endowment Life Insurance policy, a life insurance contract designed to pay a lump sum after a specified term or upon the death of the insured.