Definition and meaning of Property Insurance :

Property Insurance: Insurance providing financial protection against the loss of, or damage to, real and personal property caused by such perils as fire, theft, windstorm, hail, explosion, riot, aircraft, motor vehicles, vandalism, malicious mischief, riot and civil commotion, and smoke.

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

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

Definition and meaning of Property Insurance :

Property Insurance: Provides financial protection against loss or damage to the insured's property caused by such perils as fire, windstorm, hail, etc.

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

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

Definition and meaning of Sickness Insurance :

Sickness Insurance: A form of health insurance providing benefits for loss resulting from illness or disease.

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

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

Definition and meaning of Currently Insured :

Currently Insured: Status of a covered person under the Old-age, survivors, and Disability Insurance (OASDI) program who has at least six quarters of coverage out of the last thirteen quarters, ending with the quarter of death, disability, or entitlement to retirement benefits.

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

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

Definition and meaning of Domestic Insurer :

Domestic Insurer: An insurance company is a domestic company in the state in which it is incorporated.

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

Also see these pages: Domestic Insurer , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - D

Definition and meaning of Dismemberment Insurance :

Dismemberment Insurance: A form of health insurance that provides payment in case of loss by bodily injury of one or more body members (such as hands or feet) or the sight of one or both eyes.

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

Also see these pages: Dismemberment Insurance , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - D

Definition and meaning of Cargo Insurance :

Cargo Insurance: Type of ocean marine insurance that protects the shipper of the goods against financial loss if the goods are damaged or lost.

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

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

Definition and meaning of Accident Insurance :

Accident Insurance: A form of health insurance against loss by accidental bodily injury.

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

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

Definition and meaning of Treaty :

Treaty: An agreement between a reinsurer and a ceding insurer setting forth details of the reinsurance arrangement.

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

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

Definition and meaning of Surrender :

Surrender: The cancellation of life insurance by the policyholder

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

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

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

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

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

Definition and meaning of Credit Insurance :

Credit Insurance: A guarantee to manufacturers, wholesalers, and service organizations that they will be paid for goods shipped or services rendered. Applies to that part of working capital which is represented by accounts receivable.

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

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

Definition and meaning of Dental Insurance :

Dental Insurance: Individual or group plan that helps pay costs of normal dental care as well as damage to teeth from an accident.

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

Also see these pages: Dental Insurance , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - D

Definition and meaning of Assurance Insurance :

Assurance Insurance: These terms are today generally accepted as synonymous, although not originally so. The term "assurance" is used more commonly in Canada and Great Britain than in the United States.

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

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

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

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

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

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

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

Definition and meaning of Business income exposure :

Business income exposure: lost profits resulting from damage to property that halts the business

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

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