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Dictionary
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D&b:
Insurance Terms Dictionary - D&b
Definition
and meaning of
D&B :
D&B: See Dun and Bradstreet, Inc.
(Source:
InsWeb)
Also see these pages: ...
» Read the article
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Dictionary
-
D&b:
Insurance Terms Dictionary - D&b
Definition
and meaning of
D&B :
D&B: See Dun and Bradstreet, Inc.
(Source:
InsWeb)
Also see these pages: ...
» Read the article
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Dictionary
-
B-share Variable Annuity:
Insurance Glossary Dictionary Iv - B-share Variable Annuity
Definition
and meaning of
B-SHARE VARIABLE ANNUITY :
B-SHARE VARIABLE ANNUITY: A form of variable annuity contract with no in...
» Read the article
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Dictionary
-
Dun And Bradstreet, Inc., D&b:
Insurance Terms Dictionary - Dun And Bradstreet, Inc., D&b
Definition
and meaning of
Dun and Bradstreet, Inc., D&B :
A corporation which furnishes insurance companies with financia...
» Read the article
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Dictionary
-
Bond Insurance:
Insurance Glossary Dictionary Iii - Bond Insurance
Definition
and meaning of
bond insurance :
bond insurance:
(Source:
Bank of America )
Also see these pages: bond...
» Read the article
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Dictionary
-
Dun And Bradstreet, Inc., D&b:
Insurance Terms Dictionary - Dun And Bradstreet, Inc., D&b
Definition
and meaning of
Dun and Bradstreet, Inc., D&B :
A corporation which furnishes insurance companies with financia...
» Read the article
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Dictionary
-
Business Interruption Insurance:
Property Insurance Glossary Dictionary -
Business Interruption Insurance
Definition
and meaning of
Business Interruption Insurance :
Business Interruption Insurance: A time element coverage that pay...
» Read the article
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Dictionary
-
Business Interruption Insurance:
Insurance Business Glossary Dictionary -
Business Interruption Insurance
Definition
and meaning of Business Interruption Insurance :
Business Interruption Insurance: Protection for a business owner ...
» Read the article
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Dictionary
-
Blanket Insurance:
Property Insurance Glossary Dictionary -
Blanket Insurance
Definition
and meaning of
Blanket Insurance :
Blanket Insurance: A form of Property Insurance that covers, in a single contra...
» Read the article
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Dictionary
-
Business Life Insurance:
Insurance Business Glossary Dictionary -
Business Life Insurance
Definition
and meaning of Business Life Insurance :
Business Life Insurance: Life insurance purchased by a business enterpris...
» Read the article
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Dictionary
-
Blanket Insurance:
Health Insurance Glossary Dictionary -
Blanket Insurance
Definition
and meaning of Blanket Insurance :
Blanket Insurance: A contract of Health Insurance that covers all of a cl...
» Read the article
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Dictionary
-
Boiler And Machinery Insurance:
Insurance Glossary Dictionary Iv - Boiler And Machinery Insurance
Definition
and meaning of
BOILER AND MACHINERY INSURANCE :
BOILER AND MACHINERY INSURANCE: Often called Equipment Breakdown, ...
» Read the article
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Dictionary
-
Business Insurance:
Life Insurance Glossary Dictionary -
Business Insurance
Definition
and meaning of Business Insurance :
Business Insurance: Policies written for business purposes, such as key employ...
» Read the article
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Dictionary
-
Burglary And Theft Insurance:
Insurance Business Glossary Dictionary -
Burglary And Theft Insurance
Definition
and meaning of Burglary and Theft Insurance :
Burglary and Theft Insurance: Coverage against property losses due t...
» Read the article
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Dictionary
-
Business Insurance:
Insurance Business Glossary Dictionary -
Business Insurance
Definition
and meaning of Business Insurance :
Business Insurance: A policy which primarily provides coverage of benefits to ...
» Read the article
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Dictionary
-
Boiler And Machinery Insurance:
Insurance Business Glossary Dictionary -
Boiler And Machinery Insurance
Definition
and meaning of Boiler and Machinery Insurance :
Boiler and Machinery Insurance: Coverage for loss arising out of t...
» Read the article
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Dictionary
-
Burglary And Theft Insurance:
Insurance Glossary Dictionary Iv - Burglary And Theft Insurance
Definition
and meaning of
BURGLARY AND THEFT INSURANCE :
BURGLARY AND THEFT INSURANCE: Insurance for the loss of property due...
» Read the article
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Dictionary
-
Blanket Insurance:
Insurance Glossary Dictionary Iv - Blanket Insurance
Definition
and meaning of
BLANKET INSURANCE :
BLANKET INSURANCE: Coverage for more than one type of property at one location ...
» Read the article
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Dictionary
-
Business Insurance:
Insurance Glossary Dictionary Iii - Business Insurance
Definition
and meaning of
business insurance :
business insurance: A policy that provides coverage to a business. It is often...
» Read the article
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Dictionary
-
Betterment:
Property Insurance Glossary Dictionary -
Betterment
Definition
and meaning of
Betterment :
Betterment: See Improvements and Betterments Insurance. (PR)
(Source:
InsWeb)
&nb...
» Read the article
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Dictionary
-
Bank Loan Plan:
Life Insurance Glossary Dictionary -
Bank Loan Plan
Definition
and meaning of Bank Loan Plan :
Bank Loan Plan: See Financed Insurance. (LI)
(Source:
InsWeb)
Also see...
» Read the article
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Dictionary
-
Business:
Life Insurance Glossary Dictionary -
Business
Definition
and meaning of Business :
Business: The face amount of Life insurance written. (LI)
(Source:
InsWeb)
A...
» Read the article
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Dictionary
-
Boiler And Machinery Insurance:
Property Insurance Glossary Dictionary -
Boiler And Machinery Insurance
Definition
and meaning of
Boiler and Machinery Insurance :
Boiler and Machinery Insurance: Insurance against the sudden and a...
» Read the article
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Dictionary
-
Business Life Insurance:
Insurance Glossary Dictionary Iii - Business Life Insurance
Definition
and meaning of
business life insurance :
business life insurance: Life insurance purchased by a business enterpris...
» Read the article
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Dictionary
-
Benefits Of Survivorship:
Life Insurance Glossary Dictionary -
Benefits Of Survivorship
Definition
and meaning of Benefits of Survivorship :
Benefits of Survivorship: See Survivorship Benefits. (LI)
(Source:
I...
» Read the article
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Dictionary
-
Binding Receipt:
Life Insurance Glossary Dictionary -
Binding Receipt
Definition
and meaning of Binding Receipt :
Binding Receipt: See Conditional Binding Receipt. (LI,H)
(Source:
InsWeb)
&n...
» Read the article
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Dictionary
-
Bi:
Insurance Liability Glossary Dictionary
- Bi
Definition
and meaning of BI :
BI: See Bodily Injury Liability. This is what these letters most often refer to in the liabili...
» Read the article
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Dictionary
-
Binding Receipt:
Health Insurance Glossary Dictionary -
Binding Receipt
Definition
and meaning of Binding Receipt :
Binding Receipt: See Conditional Binding Receipt. (LI,H)
(Source:
InsWeb...
» Read the article
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Dictionary
-
Book Value:
Insurance Business Glossary Dictionary -
Book Value
Definition
and meaning of Book Value :
Book Value: the purchase price minus accounting depreciation
(Source:
The Haskayne ...
» Read the article
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Dictionary
-
Burglary:
Insurance Business Glossary Dictionary -
Burglary
Definition
and meaning of Burglary :
Burglary: Breaking and entering into another person's property with felonious intent.
...
» Read the article
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Dictionary
-
Basic Form:
Insurance Business Glossary Dictionary -
Basic Form
Definition
and meaning of Basic Form :
Basic Form: see Dwelling Property 1.
(Source:
The Haskayne School of Business at th...
» Read the article
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Dictionary
-
Binder:
Insurance Glossary Dictionary Iv - Binder
Definition
and meaning of
BINDER :
BINDER: Temporary authorization of coverage issued prior to the actual insurance policy.
...
» Read the article
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Dictionary
-
Benefit:
Insurance Glossary Dictionary Iii - Benefit
Definition
and meaning of
benefit :
benefit: Amount payable by the insurance company to a claimant, assignee, or beneficiary ...
» Read the article
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Dictionary
-
Business Personal Property:
Property Insurance Glossary Dictionary -
Business Personal Property
Definition
and meaning of
Business Personal Property :
Business Personal Property: Traditionally known as "contents,&quo...
» Read the article
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Dictionary
-
Benefit Package:
Health Insurance Glossary Dictionary -
Benefit Package
Definition
and meaning of Benefit Package :
Benefit Package: A description of what services the insurer or health plan ...
» Read the article
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Dictionary
-
Bi:
Property Insurance Glossary Dictionary -
Bi
Definition
and meaning of
BI :
BI: See Business Interruption Insurance and Business Income Coverage Form. This is what these ...
» Read the article
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Dictionary
-
Block Policy:
Property Insurance Glossary Dictionary -
Block Policy
Definition
and meaning of
Block Policy :
Block Policy: An All-Risk policy which derives its name from the French term en bloc...
» Read the article
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Dictionary
-
Broad Form:
Property Insurance Glossary Dictionary -
Broad Form
Definition
and meaning of
Broad Form :
Broad Form: A term generally used to designate policies that provide insurance for mul...
» Read the article
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Dictionary
-
Beneficiary:
Life Insurance Glossary Dictionary -
Beneficiary
Definition
and meaning of Beneficiary :
Beneficiary: A person who may become eligible to receive or is receiving benefits und...
» Read the article
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Dictionary
-
Bench Error:
Insurance Liability Glossary Dictionary
- Bench Error
Definition
and meaning of Bench Error :
Bench Error: A term used in Products Insurance which describes a loss that occurs in ...
» Read the article
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Dictionary
-
Benefit Levels:
Health Insurance Glossary Dictionary -
Benefit Levels
Definition
and meaning of Benefit Levels :
Benefit Levels: The maximum amount a person is entitled to receive for a par...
» Read the article
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Dictionary
-
Branch Office System:
Insurance Business Glossary Dictionary -
Branch Office System
Definition
and meaning of Branch Office System :
Branch Office System: Type of life insurance marketing system under which br...
» Read the article
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Dictionary
-
Broker:
Insurance Business Glossary Dictionary -
Broker
Definition
and meaning of Broker :
Broker: A marketing specialist who represents buyers of property and liability insurance a...
» Read the article
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Dictionary
-
Benefit Period:
Insurance Business Glossary Dictionary -
Benefit Period
Definition
and meaning of Benefit Period :
Benefit Period: A period of time typically one to three years during which major m...
» Read the article
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Dictionary
-
Benefits:
Insurance Business Glossary Dictionary -
Benefits
Definition
and meaning of Benefits :
Benefits: The amount payable by the insurance company to a claimant, assignee or benefic...
» Read the article
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Dictionary
-
Binder:
Insurance Business Glossary Dictionary -
Binder
Definition
and meaning of Binder :
Binder: A written or oral contract issued temporarily to place insurance in force when it ...
» Read the article
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Dictionary
-
Binding Receipt:
Insurance Business Glossary Dictionary -
Binding Receipt
Definition
and meaning of Binding Receipt :
Binding Receipt: A receipt given for a premium payment accompanying the applicati...
» Read the article
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Dictionary
-
Blanket Contract:
Insurance Business Glossary Dictionary -
Blanket Contract
Definition
and meaning of Blanket Contract :
Blanket Contract: A contract of health insurance affording benefits, such as acc...
» Read the article
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Dictionary
-
Blanket Medical Expense:
Insurance Business Glossary Dictionary -
Blanket Medical Expense
Definition
and meaning of Blanket Medical Expense :
Blanket Medical Expense: A provision which entitles the insured person to...
» Read the article
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Dictionary
-
Bad Faith:
Insurance Business Glossary Dictionary -
Bad Faith
Definition
and meaning of Bad faith :
Bad faith: the allegation that insurers have failed to act in good faith, i.e., that th...
» Read the article
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Dictionary
-
Binder:
Car Insurance Glossary Dictionary -
Binder
Definition
and meaning of Binder :
Binder: An oral or written statement providing immediate insurance protection, valid...
» Read the article
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Dictionary
-
Beyond Economic Repair:
Insurance Glossary Dictionary Ii - Beyond Economic Repair
Definition
and meaning of
Beyond economic repair :
Where the cost of repairing the insured property, e.g. a car, exceeds the ...
» Read the article
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Dictionary
-
Basic Limits Of Liability:
Insurance Liability Glossary Dictionary
- Basic Limits Of Liability
Definition
and meaning of Basic Limits of Liability :
Basic Limits of Liability: Minimum amounts of insurance. The term is us...
» Read the article
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Dictionary
-
Basic Coverage Form:
Property Insurance Glossary Dictionary -
Basic Coverage Form
Definition
and meaning of
Basic Coverage Form :
Basic Coverage Form: Any of the commercial or personal lines property forms w...
» Read the article
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Dictionary
-
Basic Form Rates:
Property Insurance Glossary Dictionary -
Basic Form Rates
Definition
and meaning of
Basic Form Rates :
Basic Form Rates: Under the latest commercial lines program, Basic Form Rates ar...
» Read the article
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Dictionary
-
Blackout Period:
Life Insurance Glossary Dictionary -
Blackout Period
Definition
and meaning of Blackout Period :
Blackout Period: The period of time during which a surviving spouse no longer rec...
» Read the article
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Dictionary
-
Blasting And Explosion Exclusion:
Insurance Liability Glossary Dictionary
- Blasting And Explosion Exclusion
Definition
and meaning of Blasting and Explosion Exclusion :
Blasting and Explosion Exclusion: Exclusion of liability for dam...
» Read the article
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Dictionary
-
Blowout And Cratering:
Insurance Liability Glossary Dictionary
- Blowout And Cratering
Definition
and meaning of Blowout and Cratering :
Blowout and Cratering: These are industry terms having to do with accidents...
» Read the article
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Dictionary
-
Business Liability:
Insurance Liability Glossary Dictionary
- Business Liability
Definition
and meaning of Business Liability :
Business Liability: The term used to describe the liability coverages provided...
» Read the article
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Dictionary
-
Base Capitation:
Health Insurance Glossary Dictionary -
Base Capitation
Definition
and meaning of Base Capitation :
Base Capitation: The total amount which covers the cost of health care per ...
» Read the article
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Dictionary
-
Benefit Period:
Health Insurance Glossary Dictionary -
Benefit Period
Definition
and meaning of Benefit Period :
Benefit Period: Defines the period during which a Medicare beneficiary is el...
» Read the article
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Dictionary
-
Billed Claims:
Health Insurance Glossary Dictionary -
Billed Claims
Definition
and meaning of Billed Claims :
Billed Claims: The amounts submitted by a health care provider for services p...
» Read the article
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Dictionary
-
Birthday Rule:
Health Insurance Glossary Dictionary -
Birthday Rule
Definition
and meaning of Birthday Rule :
Birthday Rule: One method of determining which parent's medical coverage will...
» Read the article
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Dictionary
-
Blue Cross:
Health Insurance Glossary Dictionary -
Blue Cross
Definition
and meaning of Blue Cross :
Blue Cross: Blue Cross plans are nonprofit hospital expense prepayment plans des...
» Read the article
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Dictionary
-
Blue Plan:
Health Insurance Glossary Dictionary -
Blue Plan
Definition
and meaning of Blue Plan :
Blue Plan: A generic designation for those companies, usually writing a service r...
» Read the article
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Dictionary
-
Blue Shield:
Health Insurance Glossary Dictionary -
Blue Shield
Definition
and meaning of Blue Shield :
Blue Shield: Blue Shield plans are prepayment plans offered by voluntary nonpro...
» Read the article
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Dictionary
-
Board Certified:
Health Insurance Glossary Dictionary -
Board Certified
Definition
and meaning of Board Certified :
Board Certified: A physician or other professional who has passed an examin...
» Read the article
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Dictionary
-
Board Eligible:
Health Insurance Glossary Dictionary -
Board Eligible
Definition
and meaning of Board Eligible :
Board Eligible: A professional person or physician who is eligible to take a...
» Read the article
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Dictionary
-
Business Overhead Expense:
Health Insurance Glossary Dictionary -
Business Overhead Expense
Definition
and meaning of Business Overhead Expense :
Business Overhead Expense: A disability income policy which indem...
» Read the article
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Dictionary
-
Business Income Exposure:
Insurance Business Glossary Dictionary -
Business Income Exposure
Definition
and meaning of Business income exposure :
Business income exposure: lost profits resulting from damage to property...
» Read the article
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Dictionary
-
Business Interruption Exposure:
Insurance Business Glossary Dictionary -
Business Interruption Exposure
Definition
and meaning of Business interruption exposure :
Business interruption exposure: see Business income exposure
(S...
» Read the article
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Dictionary
-
Buy-sell Agreement:
Insurance Business Glossary Dictionary -
Buy-sell Agreement
Definition
and meaning of Buy-Sell Agreement :
Buy-Sell Agreement: An agreement made by the owners of a business to purchase ...
» Read the article
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Dictionary
-
Bond:
Insurance Business Glossary Dictionary -
Bond
Definition
and meaning of Bond :
Bond: A certificate issued by a government or corporation as evidence of a debt. The issuer ...
» Read the article
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Dictionary
-
Book Of Business:
Insurance Business Glossary Dictionary -
Book Of Business
Definition
and meaning of Book of Business :
Book of Business: the number, size and type of accounts (policyholders) that an ...
» Read the article
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Dictionary
-
Bordereau:
Insurance Business Glossary Dictionary -
Bordereau
Definition
and meaning of Bordereau :
Bordereau: An itemized statement of transactions, today resembling a spreadsheet format...
» Read the article
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Dictionary
-
Break In Service:
Insurance Business Glossary Dictionary -
Break In Service
Definition
and meaning of Break in Service :
Break in Service: A calendar year, plan year or other consecutive 12-month perio...
» Read the article
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Dictionary
-
Broad Form:
Insurance Business Glossary Dictionary -
Broad Form
Definition
and meaning of Broad Form :
Broad Form: see Dwelling Property 2; Homeowners 2 Policy.
(Source:
The Haskayne Sch...
» Read the article
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Dictionary
-
Blackout Period:
Insurance Business Glossary Dictionary -
Blackout Period
Definition
and meaning of Blackout Period :
Blackout Period: The period during which Social Security benefits are not paid to...
» Read the article
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Dictionary
-
Blue Cross:
Insurance Business Glossary Dictionary -
Blue Cross
Definition
and meaning of Blue Cross :
Blue Cross: An independent, nonprofit membership corporation providing protection on a...
» Read the article
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Dictionary
-
Blue Shield:
Insurance Business Glossary Dictionary -
Blue Shield
Definition
and meaning of Blue Shield :
Blue Shield: An independent, non-profit membership corporation providing protection o...
» Read the article
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Dictionary
-
Bailees Customers Policy:
Insurance Business Glossary Dictionary -
Bailees Customers Policy
Definition
and meaning of Bailees Customers Policy :
Bailees Customers Policy: Policy that covers the loss or damage to prope...
» Read the article
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Dictionary
-
Basis:
Insurance Business Glossary Dictionary -
Basis
Definition
and meaning of Basis :
Basis: An amount attributed to an asset for income tax purposes; used to determine gain or ...
» Read the article
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Dictionary
-
Bodily Injury Liability:
Auto Insurance Glossary Dictionary -
Bodily Injury Liability
Definition
and meaning of Bodily Injury Liability :
Bodily Injury Liability: Legal liability for causing physical injury or d...
» Read the article
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Dictionary
-
Back Years:
Insurance Glossary Dictionary Ii - Back Years
Definition
and meaning of
Back years :
See prior years.
(Source
Lloyd's )
Also see these pages: Back years , Insu...
» Read the article
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Dictionary
-
Broker:
Insurance Glossary Dictionary Iii - Broker
Definition
and meaning of
broker :
broker: A sales and service representative who handles insurance for clients, generally se...
» Read the article
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Dictionary
-
Business Income Insurance, Business Interruption Insurance:
Insurance Glossary Dictionary Iv - Business Income Insurance, Business Interruption Insurance
Definition
and meaning of
BUSINESS INCOME INSURANCE, BUSINESS INTERRUPTION INSURANCE :
BUSINESS INCOME INSURANCE (also known ...
» Read the article
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Dictionary
-
Beneficiary:
Insurance Glossary Dictionary Iv - Beneficiary
Definition
and meaning of
BENEFICIARY :
BENEFICIARY*: The person or legal entity the owner of an insurance policy names to re...
» Read the article
|
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Dictionary
-
Business Risk Exclusion:
Insurance Liability Glossary Dictionary
- Business Risk Exclusion
Definition
and meaning of Business Risk Exclusion :
Business Risk Exclusion: Also known as the (Product) Failure to Perform E...
» Read the article
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Dictionary
-
Basic Auto Policy:
Auto Insurance Glossary Dictionary -
Basic Auto Policy
Definition
and meaning of Basic Auto Policy :
Basic Auto Policy: Although still used today to insure substandard risks, two-w...
» Read the article
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Dictionary
-
Basic Auto Policy:
Car Insurance Glossary Dictionary -
Basic Auto Policy
Definition
and meaning of Basic Auto Policy :
Basic Auto Policy: Although still used today to insure substandard risks,...
» Read the article
|
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Dictionary
-
Boston Plan:
Property Insurance Glossary Dictionary -
Boston Plan
Definition
and meaning of
Boston Plan :
Boston Plan: This is a plan under which insurers agree that they will not reject prop...
» Read the article
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Dictionary
-
Blanket Medical Expense:
Health Insurance Glossary Dictionary -
Blanket Medical Expense
Definition
and meaning of Blanket Medical Expense :
Blanket Medical Expense: A policy or provision in a Health Insuranc...
» Read the article
|
|
Dictionary
-
Basic Limits Of Liability:
Auto Insurance Glossary Dictionary -
Basic Limits Of Liability
Definition
and meaning of Basic Limits of Liability :
Basic Limits of Liability: The least amount of liability coverage that ...
» Read the article
|
|
Dictionary
-
Basic Limits Of Liability:
Car Insurance Glossary Dictionary -
Basic Limits Of Liability
Definition
and meaning of Basic Limits of Liability :
Basic Limits of Liability: The least amount of liability coverage...
» Read the article
|
|
Dictionary
-
Bond:
Insurance Glossary Dictionary Iv - Bond
Definition
and meaning of
BOND :
BOND: A security that obligates the issuer to pay interest at specified intervals and to rep...
» Read the article
|
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Dictionary
-
Businessowners Policy , Bop:
Insurance Glossary Dictionary Iv - Businessowners Policy , Bop
Definition
and meaning of
BUSINESSOWNERS POLICY , BOP :
BUSINESSOWNERS POLICY / BOP: A policy that combines property, liabili...
» Read the article
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Dictionary
-
Brokerage:
Insurance Glossary Dictionary Ii - Brokerage
Definition
and meaning of
Brokerage :
The commission that is payable to a broker for placing an insurance or reinsurance cont...
» Read the article
|
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Dictionary
-
Buy-sell Agreement:
Life Insurance Glossary Dictionary -
Buy-sell Agreement
Definition
and meaning of Buy-Sell Agreement :
Buy-Sell Agreement: (1) An agreement among part-owners of a business which say...
» Read the article
|
|
Dictionary
-
Bumbershoot Policy:
Insurance Liability Glossary Dictionary
- Bumbershoot Policy
Definition
and meaning of Bumbershoot Policy :
Bumbershoot Policy: A Liability policy similar to the Umbrella policy which in...
» Read the article
|
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Dictionary
-
Businessowners Policy:
Insurance Liability Glossary Dictionary
- Businessowners Policy
Definition
and meaning of Businessowners Policy :
Businessowners Policy: A policy similar to the Special Multi-Peril policy. ...
» Read the article
|