Definition and meaning of Hull Insurance :

Hull Insurance: (1) Class of ocean marine insurance that covers prysical damage to the ship or vessel insured. Typically written on an "all-risks" basis. (2) Physical damage insurance on aircraft- similar to collision insurance in an automobile policy.

(Source: The Haskayne School of Business at the University of Calgary )

Also see these pages: Hull Insurance , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - H

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Definition and meaning of Casualty Insurance :

Casualty Insurance: Insurance concerned with the insured's legal liability for injuries to others or damage to other persons' property; also encompasses such forms of insurance as plate glass, burglary, robbery and workers' compensation.

(Source: The Haskayne School of Business at the University of Calgary )

Also see these pages: Casualty Insurance , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - C

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Definition and meaning of Certificate of Insurance :

Certificate of Insurance: A statement of coverage issued to an individual insured under a group insurance contract, outlining the insurance benefits and principal provisions applicable to the member.

(Source: The Haskayne School of Business at the University of Calgary )

Also see these pages: Certificate of Insurance , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - C

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Definition and meaning of Aviation Insurance :

Aviation Insurance: Aircraft insurance including coverage of aircraft or their contents, the owner's liability, and accident insurance on the passengers.Beneficiary: The person designated or provided for by the policy terms to receive any benefits provided by the policy or plan upon the death of the insured.

(Source: The Haskayne School of Business at the University of Calgary )

Also see these pages: Aviation Insurance , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - A

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Definition and meaning of Insurance Company :

Insurance Company: Any corporation primarily engaged in the business of furnishing insurance protection to the public.

(Source: The Haskayne School of Business at the University of Calgary )

Also see these pages: Insurance Company , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - I

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Definition and meaning of Overhead Insurance :

Overhead Insurance: A type of short-term disability income contract that reimburses the insured person for specified, fixed monthly expenses, normal and customary in the operation and conduct of his/her business or office.

(Source: The Haskayne School of Business at the University of Calgary )

Also see these pages: Overhead Insurance , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - O

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Definition and meaning of Insurance Examiner :

Insurance Examiner: The representative of a state insurance department assigned to participate in the official audit and examination of the affairs of an insurance company.

(Source: The Haskayne School of Business at the University of Calgary )

Also see these pages: Insurance Examiner , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - I

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Definition and meaning of Individual Insurance :

Individual Insurance: Policies which provide protection to the policyholder and/or his/her family. Sometimes called Personal Insurance as distinct from group and blanket insurance.

(Source: The Haskayne School of Business at the University of Calgary )

Also see these pages: Individual Insurance , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - I

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Definition and meaning of Life Insurance :

Life Insurance: Insurance providing for payment of a specified amount on the insured's death, either to his or her estate or to a designated beneficiary; or in the case of an endowment policy, to the policy holder at a specified date.

(Source: The Haskayne School of Business at the University of Calgary )

Also see these pages: Life Insurance , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - L

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Definition and meaning of Participating Insurance :

Participating Insurance: Insurance issued by an insurance company providing participation in dividend distribution.

(Source: The Haskayne School of Business at the University of Calgary )

Also see these pages: Participating Insurance , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - P

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Definition and meaning of Primary Insurance :

Primary Insurance: Insurance that pays compensation for a loss ahead of any other insurance coverages the policyholder may have.

(Source: The Haskayne School of Business at the University of Calgary )

Also see these pages: Primary Insurance , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - P

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Definition and meaning of Standard Insurance :

Standard Insurance: Insurance written on the basis of regular morbidity underwriting assumption used by an insurance company and issued at normal rates.

(Source: The Haskayne School of Business at the University of Calgary )

Also see these pages: Standard Insurance , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - S

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Definition and meaning of Substandard Insurance :

Substandard Insurance: Insurance issued with an extra premium or special restriction to those persons who do not qualify for insurance at standard rates.

(Source: The Haskayne School of Business at the University of Calgary )

Also see these pages: Substandard Insurance , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - S

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Definition and meaning of Term Insurance :

Term Insurance: Life insurance payable to a beneficiary only when an insured dies within a specified period.

(Source: The Haskayne School of Business at the University of Calgary )

Also see these pages: Term Insurance , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - T

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Definition and meaning of Term Insurance :

Term Insurance: Life or health insurance protection during a limited number of years but expiring without value if the insured survives the stated period.

(Source: The Haskayne School of Business at the University of Calgary )

Also see these pages: Term Insurance , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - T

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Definition and meaning of Captive Insurer :

Captive Insurer: Insurance company established and owned by a parent firm in order to insure its loss exposures while reducing premium costs, providing easier access to a reinsurer, and perhaps easing tax burdens. See also Association captive; Pure captive.

(Source: The Haskayne School of Business at the University of Calgary )

Also see these pages: Captive Insurer , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - C

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Definition and meaning of Collision Insurance :

Collision Insurance: Protection against loss resulting from any damage to the policyholder's car caused by collision with another vehicle or object, or by upset of the insured car, whether it was the insured's fault or not.

(Source: The Haskayne School of Business at the University of Calgary )

Also see these pages: Collision Insurance , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - C

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Definition and meaning of Insuring Clause :

Insuring Clause: The clause which sets forth the type of loss being covered by the policy and the parties to the insurance contract.

(Source: The Haskayne School of Business at the University of Calgary )

Also see these pages: Insuring Clause , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - I

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Definition and meaning of Liability Insurance :

Liability Insurance: Insurance covering the policyholder's legal liability resulting from injuries to other persons or damage to their property.

(Source: The Haskayne School of Business at the University of Calgary )

Also see these pages: Liability Insurance , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - L

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Definition and meaning of Liability Insurance :

Liability Insurance: Provides protection for the insured against loss arising out of legal liability to third parties.

(Source: The Haskayne School of Business at the University of Calgary )

Also see these pages: Liability Insurance , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - L

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Definition and meaning of Evidence of Insurability :

Evidence of Insurability: Any statement of proof of a person's physical condition and/or other factual information affecting his/her acceptance for insurance.

(Source: The Haskayne School of Business at the University of Calgary )

Also see these pages: Evidence of Insurability , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - E

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