Insurance

An overview of personal property insurance specifically related to credit transactions, that does not involve motor vehicles, mobile homes, or real estate as collateral.

The duration in which an insurance policy remains active and provides coverage to the insured.

Explanation of policyholders surplus in insurance, detailing its importance as a metric of financial health for insurance companies.

Definition and detailed explanation of the insurance term 'Premium', including its significance in insurance policies.

An overview of the Prior Approval Law in relation to insurance regulations requiring pre-approval of rates and forms before usage.

A professional who meets specified educational, experience, and ethical standards, authorized to issue actuarial opinions as per the guidelines of specific regulatory bodies.

A detailed explanation of the term 'retention' as used in the insurance industry, referring to the portion of risk that is not covered by insurance and is instead retained by the entity.

Explains the concept of Salvage within the context of insurance, detailing how it relates to recoverable value after a loss.

Definition of security as it relates to financial and investment contexts in the insurance industry.

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.

Explains the term 'Situs of Contract' in relation to insurance, detailing its importance in jurisdiction and legal disputes.