Definition and meaning of Foreign Insurer :

Foreign Insurer: An insurer domiciled in a state of the United States other than the one in which the insured's insurance is written.

(Source: InsWeb)

Also see these pages: Foreign Insurer , Insurance, Insurance Sitemap, Insurance Dictionary - F

Definition and meaning of primary insurer :

primary insurer: An insurer that directly assumes liabilities by issuing an insurance policy to the insured.

(Source: Bank of America )

Also see these pages: primary insurer , Insurance, Insurance Sitemap, Insurance Dictionary - P

Definition and meaning of INSURANCE-TO-VALUE :

INSURANCE-TO-VALUE: Insurance written in an amount approximating the value of the insured property.

(Source: Insurance Information Institute )

Also see these pages: INSURANCE-TO-VALUE , Insurance, Insurance Sitemap, Insurance Dictionary - I

Definition and meaning of insurance :

insurance: Risk management plan that, for a price, offers the insured an opportunity to share the costs of possible financial loss through an insurer.

(Source: Bank of America )

Also see these pages: insurance , Insurance, Insurance Sitemap, Insurance Dictionary - I

Definition and meaning of INSURANCE :

INSURANCE: A system to make large financial losses more affordable by pooling the risks of many individuals and business entities and transferring them to an insurance company or other large group in return for a premium.

(Source: Insurance Information Institute )

Also see these pages: INSURANCE , Insurance, Insurance Sitemap, Insurance Dictionary - I

Definition and meaning of Insured :

Insured: A person or organization covered by an insurance policy, including the "named insured" and any other parties for whom protection is provided under the policy terms.

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

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

Definition and meaning of Insurer :

Insurer: The party to the insurance contract who promises to pay losses or benefits. Also, any corporation engaged primarily in the business of furnishing insurance to the public.

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

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

Definition and meaning of Overlapping Insurance :

Overlapping Insurance: Coverage from two or more policies or insurers which duplicates coverage of certain risks. See also Concurrent Insurance.

(Source: InsWeb)

Also see these pages: Overlapping Insurance , Insurance, Insurance Sitemap, Insurance Dictionary - O

Definition and meaning of Overlapping Insurance :

Overlapping Insurance: Coverage from two or more policies or insurers which duplicates coverage of certain risks. See also Concurrent Insurance.

(Source: InsWeb)

Also see these pages: Overlapping Insurance , Insurance, Insurance Sitemap, Insurance Dictionary - O

Definition and meaning of Stock Insurer :

Stock Insurer: An incorporated insurer with capital contributed by stockholders, to whom the earnings are distributed as dividends on their shares. Contrast with Mutual Insurer.

(Source: InsWeb)

Also see these pages: Stock Insurer , Insurance, Insurance Sitemap, Insurance Dictionary - S

Definition and meaning of Stock Insurer :

Stock Insurer: An incorporated insurer with capital contributed by stockholders, to whom the earnings are distributed as dividends on their shares. Contrast with Mutual Insurer.

(Source: InsWeb)

Also see these pages: Stock Insurer , Insurance, Insurance Sitemap, Insurance Dictionary - S

Definition and meaning of Transacting Insurance :

Transacting Insurance: The solicitation, inducement, and preliminary negotiations effecting a contract of insurance and the subsequent carrying on of business pertaining to it. The exact definition will vary somewhat according to the state laws regulating insurance.

(Source: InsWeb)

Also see these pages: Transacting Insurance , Insurance, Insurance Sitemap, Insurance Dictionary - T

Definition and meaning of Transacting Insurance :

Transacting Insurance: The solicitation, inducement, and preliminary negotiations effecting a contract of insurance and the subsequent carrying on of business pertaining to it. The exact definition will vary somewhat according to the state laws regulating insurance.

(Source: InsWeb)

Also see these pages: Transacting Insurance , Insurance, Insurance Sitemap, Insurance Dictionary - T

Definition and meaning of Alien Insurer :

Alien Insurer: An insurer formed under the laws of a country other than the United States. A U.S. company selling in other countries is also an alien insurer. 

(Source: InsWeb)

Also see these pages: Alien Insurer , Insurance, Insurance Sitemap, Insurance Dictionary - A

Definition and meaning of Director of Insurance :

Director of Insurance: A title used in some states for the head of the department of insurance. See also Commissioner of Insurance.

(Source: InsWeb)

Also see these pages: Director of Insurance , Insurance, Insurance Sitemap, Insurance Dictionary - D

Definition and meaning of Director of Insurance :

Director of Insurance: A title used in some states for the head of the department of insurance. See also Commissioner of Insurance.

(Source: InsWeb)

Also see these pages: Director of Insurance , Insurance, Insurance Sitemap, Insurance Dictionary - D

Definition and meaning of Commissioner of Insurance :

Commissioner of Insurance: The title of the head of most state insurance departments. In some states, the title Director or Superintendent of Insurance is used instead.

(Source: InsWeb)

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

Definition and meaning of Commissioner of Insurance :

Commissioner of Insurance: The title of the head of most state insurance departments. In some states, the title Director or Superintendent of Insurance is used instead.

(Source: InsWeb)

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

Definition and meaning of Captive Insurer :

Captive Insurer: A legally recognized insurance company organized and owned by a corporation or firm whose purpose is to use the captive to write its own insurance at rates lower than those of other insurers. Usually it is a nonadmitted insurer that has the right, under special circumstances, to reinsure with an admitted insurer.

(Source: InsWeb)

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

Definition and meaning of Captive Insurer :

Captive Insurer: A legally recognized insurance company organized and owned by a corporation or firm whose purpose is to use the captive to write its own insurance at rates lower than those of other insurers. Usually it is a nonadmitted insurer that has the right, under special circumstances, to reinsure with an admitted insurer.

(Source: InsWeb)

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

Definition and meaning of monoline insurer :

monoline insurer: An insurer that writes only financial guaranty insurance.

(Source: Bank of America )

Also see these pages: monoline insurer , Insurance, Insurance Sitemap, Insurance Dictionary - M