Insurance Terms Dictionary
An overview of the ceded premium payment in the insurance and reinsurance industries.
Insurance Terms Dictionary
Exploration of commission in the insurance industry, its significance, and the roles it plays in insurance sales.
Insurance Terms Dictionary
An explanation of earned premiums in insurance contracts.
Insurance Terms Dictionary
A comprehensive understanding of level premium insurance, which ensures consistent payments over the policy term.
Insurance Terms Dictionary
Explanation of Policy Dividend in the Context of Participating Life Insurance Policies
Insurance Terms Dictionary
Definition and detailed explanation of the insurance term 'Premium', including its significance in insurance policies.
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
A detailed overview of how insurance rates are determined, encompassing factors such as risk, geographical area, policy limits, government regulations, and exclusions.
Insurance Terms Dictionary
Explanation of the term 'rebate' in the context of insurance, detailing its implications, process, and regulatory considerations.
Insurance Terms Dictionary
An explanation of Retrospective Rating, a method used in some insurance policies where the premium adjusts based on the actual losses during the policy period.
