Definition and meaning of Adjuster :

Adjuster: A person who investigates and settles losses for an insurance carrier.

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

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

For more dictionary entries, see » Insurance Business Dictionary

Definition and meaning of Adjusting :

Adjusting: The process of investigating and settling losses with or by an insurance carrier.

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

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

For more dictionary entries, see » Insurance Business Dictionary

Definition and meaning of Assignment :

Assignment: The legal transfer of one person's interest in an insurance policy to another person.

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

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

For more dictionary entries, see » Insurance Business Dictionary

Definition and meaning of Trust :

Trust: A legal instrument allowing one party to control property for the benefit of another.

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

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

For more dictionary entries, see » Insurance Business Dictionary

Definition and meaning of Accident :

Accident: An event or occurrence which is unforeseen and unintended.

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

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

For more dictionary entries, see » Insurance Business Dictionary

Definition and meaning of Annuitant :

Annuitant: The person during whose life an annuity is payable, usually the person to receive the annuity.

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

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

For more dictionary entries, see » Insurance Business Dictionary

Definition and meaning of Annuity :

Annuity: A contract that provides an income for a specified period of time, such as a number of years or for life.

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

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

For more dictionary entries, see » Insurance Business Dictionary

Definition and meaning of Avoidance :

Avoidance: see Loss Avoidance.

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

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

For more dictionary entries, see » Insurance Business Dictionary

Definition and meaning of Agent :

Agent: An insurance company representative licensed by the state who solicits, negotiates or effects contracts of insurance, and provides service to the policyholder for the insurer.

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

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

For more dictionary entries, see » Insurance Business Dictionary

Definition and meaning of Application :

Application: A signed statement of facts made by a person applying for life insurance and then used by the insurance company to decide whether or not to issue a policy. The application becomes part of the insurance contract when the policy is issued.

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

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

For more dictionary entries, see » Insurance Business Dictionary

Definition and meaning of Salvage :

Salvage: Recovery made by an insurance company by the sale of property which has been taken over from the insured as a part of loss settlement.

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

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

For more dictionary entries, see » Insurance Business Dictionary

Definition and meaning of Surplus :

Surplus: The amount by which the value of an insurer's assets exceeds its liabilities, i.e., the net worth of an insurance company.

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

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

For more dictionary entries, see » Insurance Business Dictionary

Definition and meaning of Actuary :

Actuary: A person professionally trained in the technical aspects of pensions, insurance and related fields. The actuary estimates how much money must be contributed to an insurance or pension fund in order to provide future

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

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

For more dictionary entries, see » Insurance Business Dictionary

Definition and meaning of Amendment :

Amendment: A formal document changing the provisions of an insurance policy signed jointly by the insurance company officer and the policy holder or his authorized representative.

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

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

For more dictionary entries, see » Insurance Business Dictionary

Definition and meaning of Subrogation :

Subrogation: Process by which one insurance company seeks reimbursement from another company or person for a claim it has already paid.

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

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

For more dictionary entries, see » Insurance Business Dictionary

Definition and meaning of Twisting :

Twisting: The practice of inducing by misrepresentation, or inaccurate or incomplete comparison, a policyholder in one company to lapse, forfeit or surrender his insurance for the purpose of taking out a policy in another company.

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

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

For more dictionary entries, see » Insurance Business Dictionary

Definition and meaning of BUSINESS INCOME INSURANCE, BUSINESS INTERRUPTION INSURANCE :

BUSINESS INCOME INSURANCE (also known as BUSINESS INTERRUPTION INSURANCE): Commercial coverage that reimburses a business owner for lost profits and continuing fixed expenses during the time that a business must stay closed while the premises are being restored because of physical damage from a covered peril, such as a fire. Business income insurance also may cover financial losses that may occur if civil authorities limit access to an area after a disaster and their actions prevent customers from reaching the business premises. Depending on the policy, civil authorities coverage may start after a waiting period and last for two or more weeks. Also known as business interruption insurance.

(Source: Insurance Information Institute )

Also see these pages: BUSINESS INCOME INSURANCE, BUSINESS INTERRUPTION INSURANCE , Insurance, Insurance Sitemap, Insurance Dictionary - B

For more dictionary entries, see » Insurance Business 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 Business Dictionary

Definition and meaning of Business Insurance :

Business Insurance: Policies written for business purposes, such as key employee, sole proprietorship, partnership, and corporation. (LI,H)

(Source: InsWeb)

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

For more dictionary entries, see » Insurance Business Dictionary

Definition and meaning of Business :

Business: In Property, Liability, and Health lines, it usually refers to the volume of premiums.

(Source: InsWeb)

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

For more dictionary entries, see » Insurance Business Dictionary

Definition and meaning of Business :

Business: In Property, Liability, and Health lines, it usually refers to the volume of premiums.

(Source: InsWeb)

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

For more dictionary entries, see » Insurance Business Dictionary

Definition and meaning of Submitted Business :

Submitted Business: Applications for insurance submitted to an insurer but not yet acted upon by it.

(Source: InsWeb)

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

For more dictionary entries, see » Insurance Business Dictionary