Definition and meaning of primary insurance :

primary insurance: The insurance of an individual mortgage.

(Source: Bank of America )

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

Definition and meaning of Insurance in force :

Insurance in force: The aggregate unpaid balance of loans insured.

(Source: Bank of America )

Also see these pages: Insurance in force , Insurance, Insurance Sitemap, Insurance Dictionary - I

Definition and meaning of survivorship insurance :

survivorship insurance: Another name for second-to-die insurance.

(Source: Bank of America )

Also see these pages: survivorship insurance , Insurance, Insurance Sitemap, Insurance Dictionary - S

Definition and meaning of CRIME INSURANCE :

CRIME INSURANCE: Term referring to property coverages for the perils of burglary, theft and robbery.

(Source: Insurance Information Institute )

Also see these pages: CRIME INSURANCE , Insurance, Insurance Sitemap, Insurance Dictionary - C

Definition and meaning of collision insurance :

collision insurance: The part of an auto insurance policy that pays for the repair of a car after a crash.

(Source: Bank of America )

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

Definition and meaning of Excess Insurance :

Excess Insurance: A coverage designed to be in excess over one or more primary coverages, and which does not pay a loss until the loss amount exceeds a certain sum. Contrast with Primary Coverage.

(Source: InsWeb)

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Definition and meaning of Excess Insurance :

Excess Insurance: A coverage designed to be in excess over one or more primary coverages, and which does not pay a loss until the loss amount exceeds a certain sum. Contrast with Primary Coverage.

(Source: InsWeb)

Also see these pages: Excess Insurance , Insurance, Insurance Sitemap, Insurance Dictionary - E

Definition and meaning of Capital Stock Insurer :

Capital Stock Insurer: See Stock Insurer.

(Source: InsWeb)

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

Definition and meaning of Capital Stock Insurer :

Capital Stock Insurer: See Stock Insurer.

(Source: InsWeb)

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

Definition and meaning of INSURABLE INTEREST :

INSURABLE INTEREST*: In insurance, a person exhibits an insurable interest in a potential loss if that person will suffer a genuine economic loss if the event insured against occurs. Without the presence of insurable interest, an insurance contract is not formed for a lawful purpose and, thus, is not a valid contract.

(Source: Insurance Information Institute )

Also see these pages: INSURABLE INTEREST , Insurance, Insurance Sitemap, Insurance Dictionary - I

Definition and meaning of Unemployment Insurance :

Unemployment Insurance: Insurance against loss of income due to unemployment. It is funded by payroll taxes and subject to control by both the federal and state governments. Individuals who are willing and able to work qualify for this insurance by working at a job in an eligible classification, earning a minimum amount of money, and being subject to involuntary unemployment.

(Source: InsWeb)

Also see these pages: Unemployment Insurance , Insurance, Insurance Sitemap, Insurance Dictionary - U

Definition and meaning of Unemployment Insurance :

Unemployment Insurance: Insurance against loss of income due to unemployment. It is funded by payroll taxes and subject to control by both the federal and state governments. Individuals who are willing and able to work qualify for this insurance by working at a job in an eligible classification, earning a minimum amount of money, and being subject to involuntary unemployment.

(Source: InsWeb)

Also see these pages: Unemployment Insurance , Insurance, Insurance Sitemap, Insurance Dictionary - U

Definition and meaning of Certificate of Insurance :

Certificate of Insurance: (1) A statement of the coverage and provisions of a master contract in group insurance that is issued to individuals covered in the group. (2) A form which verifies that a policy has been written and states the coverage in general, often used as proof of insurance in loan transactions and for other legal requirements.

(Source: InsWeb)

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

Definition and meaning of Certificate of Insurance :

Certificate of Insurance: (1) A statement of the coverage and provisions of a master contract in group insurance that is issued to individuals covered in the group. (2) A form which verifies that a policy has been written and states the coverage in general, often used as proof of insurance in loan transactions and for other legal requirements.

(Source: InsWeb)

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Definition and meaning of Insuring Agreement :

Insuring Agreement: That part of an insurance contract that states the promises of the insurer.

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

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

Definition and meaning of Health Insurance :

Health Insurance: Insurance providing for the payment of benefits as a result of sickness or injury. Includes various types of insurance such as accident insurance, disability income insurance, medical expense insurance, accidental death insurance, and dismemberment insurance.

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

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

Definition and meaning of Insured peril :

A harmful event which is covered under a contract of insurance.

(Source Lloyd's )

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Definition and meaning of bond insurance :

bond insurance:

(Source: Bank of America )

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

Definition and meaning of LIFE INSURANCE :

LIFE INSURANCE: See Ordinary life insurance; Term insurance; Variable life insurance; Whole life insurance

(Source: Insurance Information Institute )

Also see these pages: LIFE INSURANCE , Insurance, Insurance Sitemap, Insurance Dictionary - L

Definition and meaning of Social Insurance :

Social Insurance: Compulsory insurance legislated to provide minimum economic security for large groups of people, particularly those with low incomes. It is primarily concerned with the costs and loss of income resulting from sickness, accidental injury, old age, unemployment, and the premature death of the head of a family. See also Legislated Coverages and Social Security.

(Source: InsWeb)

Also see these pages: Social Insurance , Insurance, Insurance Sitemap, Insurance Dictionary - S

Definition and meaning of Social Insurance :

Social Insurance: Compulsory insurance legislated to provide minimum economic security for large groups of people, particularly those with low incomes. It is primarily concerned with the costs and loss of income resulting from sickness, accidental injury, old age, unemployment, and the premature death of the head of a family. See also Legislated Coverages and Social Security.

(Source: InsWeb)

Also see these pages: Social Insurance , Insurance, Insurance Sitemap, Insurance Dictionary - S

Definition and meaning of Insurance Commissioner :

Insurance Commissioner: The top insurance regulatory official in a state.

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

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