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
Learn about the Residual Market Plan in the insurance industry, designed to provide coverage for those who face challenges obtaining insurance through standard methods due to higher risk.
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.
Insurance Terms Dictionary
Explains the subrogation clause in insurance policies, which grants insurers the right to pursue recovery from third parties responsible for losses.
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.
Insurance Terms Dictionary
Comprehensive guide to understanding Whole Life Insurance policies.
Insurance Terms Dictionary
An introduction to the concept of written premium in insurance, explaining its significance and calculation.
