Overview of the Risk Retention Act enacted in 1986, which is a federal statute amending the Product Liability Risk Retention Act of 1981.
A comprehensive guide to understanding how a Risk Retention Group operates within the insurance industry.
An overview of the Risk-Based Capital (RBC) Ratio used in the insurance industry to assess the financial strength of insurers.
Explains the concept of Salvage within the context of insurance, detailing how it relates to recoverable value after a loss.
A detailed explanation of how insurance risks are securitized, enabling insurers to access capital and hedge risks through financial markets.
Definition of security as it relates to financial and investment contexts in the insurance industry.
An overview of the self-insurance approach used by individuals and organizations to manage risks internally.
A detailed explanation of a Separate Account in insurance, its purpose, and legal regulations.
A comprehensive guide to understanding short-term disability insurance including its definition, benefits, coverage duration, and relevant legal references.
An overview of Short-Term Medical Insurance, its purpose, coverage period, and renewal options.
Explains the term 'Situs of Contract' in relation to insurance, detailing its importance in jurisdiction and legal disputes.
An overview of social insurance, a compulsory program managed by government agencies aimed at ensuring social adequacy.
Understanding the dynamics of a soft market in the insurance industry.
A detailed guide to understanding Special Revenue Bonds in the financial and governmental sectors.
An insurance policy feature providing fixed benefits for expenses related to the treatment of designated illnesses such as cancer or other specified diseases.
Overview of insurance policies covering specifically named diseases
Definition and insights on how a standard risk profile influences insurance rates and underwriting decisions.
An overview of the State Children's Health Insurance Program, providing health coverage to children in families with incomes too high to qualify for Medicaid but too low to afford private coverage.
A comprehensive definition of the state of domicile in insurance terminology, with clarity on its relevance and regulatory context.
A comprehensive guide to understanding the State Page in insurance reporting.
Definition of 'Statement Type' in insurance, outlining the various classifications under which insurance companies file their annual and quarterly statements.
A detailed guide on Statement Value in insurance accounting, commonly used in valuing investments.
A guide to Statutory Accounting, the accounting standards and principles used in the insurance industry as regulated by state authorities.
An in-depth overview of the Statutory Accounting Principles, highlighting its requirements, key tenets, and its role in the insurance industry
