Definition and meaning of blanket contract :

blanket contract: Contract for health insurance that coves a class of persons. It is used for groups such as athletic teams and for employee travel.

(Source: Bank of America )

Also see these pages: blanket contract , Insurance, Insurance Sitemap, Insurance Dictionary - B

For more dictionary entries, see » Insurance Dictionary

Definition and meaning of bad faith :

bad faith: Accusations by policyholders that insurers took steps to deliberately delay, underpay, or deny a claim.

(Source: Bank of America )

Also see these pages: bad faith , Insurance, Insurance Sitemap, Insurance Dictionary - B

For more dictionary entries, see » Insurance Dictionary

Definition and meaning of AVR :

AVR: Asset valuation reserve

(Source: Bank of America )

Also see these pages: AVR , Insurance, Insurance Sitemap, Insurance Dictionary - A

For more dictionary entries, see » Insurance Dictionary

Definition and meaning of auto physical damage coverage :

auto physical damage coverage: Insures against loss resulting from damage to an auto owned by the insured; also provides coverage if the car is stolen.

(Source: Bank of America )

Also see these pages: auto physical damage coverage , Insurance, Insurance Sitemap, Insurance Dictionary - A

For more dictionary entries, see » Insurance Dictionary

Definition and meaning of automatic premium loan :

automatic premium loan: A provision in a life insurance policy that any premium not paid by the end of the grace period (usually 31 days) is automatically paid by a policy loan if there is sufficient cash value.

(Source: Bank of America )

Also see these pages: automatic premium loan , Insurance, Insurance Sitemap, Insurance Dictionary - A

For more dictionary entries, see » Insurance Dictionary

Definition and meaning of automobile insurance plans :

automobile insurance plans: Formerly known as assigned risk plans--are residual market programs providing auto insurance. See Residual Market.

(Source: Bank of America )

Also see these pages: automobile insurance plans , Insurance, Insurance Sitemap, Insurance Dictionary - A

For more dictionary entries, see » Insurance Dictionary

Definition and meaning of blanket medical expense :

blanket medical expense: A provision that entitles the insured person to collect up to a maximum for all hospital and medical expenses, without limitations on specific types of medical expenses.

(Source: Bank of America )

Also see these pages: blanket medical expense , Insurance, Insurance Sitemap, Insurance Dictionary - B

For more dictionary entries, see » Insurance Dictionary

Definition and meaning of Blue Cross :

Blue Cross: Nonprofit corporation providing protection to its members against the cost of hospital care in a limited geographic area.

(Source: Bank of America )

Also see these pages: Blue Cross , Insurance, Insurance Sitemap, Insurance Dictionary - B

For more dictionary entries, see » Insurance Dictionary

Definition and meaning of business life insurance :

business life insurance: Life insurance purchased by a business enterprise on the life of a member of the firm. It is often bought by partnerships to protect the surviving partners against loss caused by the death of a partner, or by a corporation to reimburse it for loss caused by the death of a key employee. (Also known as key person insurance.)

(Source: Bank of America )

Also see these pages: business life insurance , Insurance, Insurance Sitemap, Insurance Dictionary - B

For more dictionary entries, see » Insurance Dictionary

Definition and meaning of cancer insurance :

cancer insurance: A very narrow form of health insurance that covers the policyholder in the event he or she contracts cancer. Policies often exclude skin cancer. Some policies won't pay for cancer treatments until several years after the policy was purchased. Consumer groups and insurance regulators have said cancer insurance policies are more expensive than they're worth, since the insurance companies pay out a rather small percentage of the premiums they collect.

(Source: Bank of America )

Also see these pages: cancer insurance , Insurance, Insurance Sitemap, Insurance Dictionary - C

For more dictionary entries, see » Insurance Dictionary

Definition and meaning of capita :

capita: The sum of policyholder surplus plus contingency reserve.

(Source: Bank of America )

Also see these pages: capita , Insurance, Insurance Sitemap, Insurance Dictionary - C

For more dictionary entries, see » Insurance Dictionary

Definition and meaning of capital adequacy ratio :

capital adequacy ratio: Standard & Poor's risk-adjusted measure of capital adequacy.

(Source: Bank of America )

Also see these pages: capital adequacy ratio , Insurance, Insurance Sitemap, Insurance Dictionary - C

For more dictionary entries, see » Insurance Dictionary

Definition and meaning of business insurance :

business insurance: A policy that provides coverage to a business. It is often purchased to indemnify a business for the loss of services if a key employee (such as a partner) becomes disabled.

(Source: Bank of America )

Also see these pages: business insurance , Insurance, Insurance Sitemap, Insurance Dictionary - B

For more dictionary entries, see » Insurance Dictionary

Definition and meaning of broker :

broker: A sales and service representative who handles insurance for clients, generally selling insurance of various kinds and for several companies. Brokers resemble agents, except for the fact that, in a legal sense, brokers represent the party seeking insurance rather than the insurance company. See Agent, Producer.

(Source: Bank of America )

Also see these pages: broker , Insurance, Insurance Sitemap, Insurance Dictionary - B

For more dictionary entries, see » Insurance Dictionary

Definition and meaning of Blue Shield :

Blue Shield: Nonprofit corporation providing protection to its members against the cost of surgery and other items of medical care in a limited geographic area.

(Source: Bank of America )

Also see these pages: Blue Shield , Insurance, Insurance Sitemap, Insurance Dictionary - B

For more dictionary entries, see » Insurance Dictionary

Definition and meaning of computer insurance :

computer insurance: Covers computer equipment and peripherals beyond the normal coverage provided in homeowner's insurance policies. Usually, homeowner's policies only cover up to between $1,000 and $3,000 in computer equipment. With more people owning expensive computers and peripherals, and even using them for home-based businesses, riders and separate policies are becoming more popular. Some policies are also designed to cover damage and/or theft of portable equipment, such as laptop computers, and even the costs of data recovery.

(Source: Bank of America )

Also see these pages: computer insurance , Insurance, Insurance Sitemap, Insurance Dictionary - C

For more dictionary entries, see » Insurance Dictionary

Definition and meaning of bond portfolio average maturity :

bond portfolio average maturity: A weighted average of the maturity distribution of long-term bonds owned at fiscal year-end.

(Source: Bank of America )

Also see these pages: bond portfolio average maturity , Insurance, Insurance Sitemap, Insurance Dictionary - B

For more dictionary entries, see » Insurance Dictionary

Definition and meaning of capital and surplus :

capital and surplus: The sum of paid up capital, gross paid in and contributed surplus and unassigned surplus.

(Source: Bank of America )

Also see these pages: capital and surplus , Insurance, Insurance Sitemap, Insurance Dictionary - C

For more dictionary entries, see » Insurance Dictionary

Definition and meaning of contract underwriting :

contract underwriting: The analysis of and lending decision on loans by an insurer on behalf of a lender.

(Source: Bank of America )

Also see these pages: contract underwriting , Insurance, Insurance Sitemap, Insurance Dictionary - C

For more dictionary entries, see » Insurance Dictionary

Definition and meaning of deferred group annuity :

deferred group annuity: A type of group annuity providing for the purchase each year of a paid-up deferred annuity for each member of the group, the total amount received by the member at retirement being the sum of these deferred annuities.

(Source: Bank of America )

Also see these pages: deferred group annuity , Insurance, Insurance Sitemap, Insurance Dictionary - D

For more dictionary entries, see » Insurance Dictionary

Definition and meaning of delegated underwriting :

delegated underwriting: The delegation of the insurance underwriting decision to a lender on loans made by that lender. Contract underwriting is a variant of delegated underwriting

(Source: Bank of America )

Also see these pages: delegated underwriting , Insurance, Insurance Sitemap, Insurance Dictionary - D

For more dictionary entries, see » Insurance Dictionary

Definition and meaning of delinquency :

delinquency: Failure to comply with the terms and conditions of a mortgage, usually by not making payments on time. A delinquency rate is the sum of delinquencies at a point in time divided by the total of outstanding mortgages at that time.

(Source: Bank of America )

Also see these pages: delinquency , Insurance, Insurance Sitemap, Insurance Dictionary - D

For more dictionary entries, see » Insurance Dictionary