Definition and meaning of Interest :

Interest: Money paid for the use of money.

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

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

Definition and meaning of Inter vivos Trust :

Inter vivos Trust: A trust created while the creator of the trust is living. Also known as a living trust.

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

Also see these pages: Inter vivos Trust , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - I

Definition and meaning of Insurance Examiner :

Insurance Examiner: The representative of a state insurance department assigned to participate in the official audit and examination of the affairs of an insurance company.

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

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

Definition and meaning of Insurance Company :

Insurance Company: An organization chartered to operate as an insurer.

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

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

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 )

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Definition and meaning of Insurance :

Insurance: Protection by written contract against the financial hazards (in whole or in part) of the happenings of specified fortuitous events.

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

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

Definition and meaning of Insurance :

Insurance: A system under which individuals, businesses, and other organizations or entities, in exchange for payment of a sum of money (a premium), are guaranteed compensation for losses resulting from certain perils under specified conditions.

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

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

Definition and meaning of Insurance Company :

Insurance Company: Any corporation primarily engaged in the business of furnishing insurance protection to the public.

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

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

Definition and meaning of Interest Option :

Interest Option: Life insurance settlement option in which the principal is retained by teh insurer and interest is paid periodically.

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

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

Definition and meaning of Insurance Services Offices, ISO :

Insurance Services Offices (ISO): Major rating organization in property and liability insurance that drafts policy forms for personal and commercial lines of insurance and provides rate data on loss costs for property and liability insurance lines.

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

Also see these pages: Insurance Services Offices, ISO , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - I

Definition and meaning of Insurance Guaranty Funds :

Insurance Guaranty Funds: State Funds that provide for the payment of unpaid claims of insolvent insurers.

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

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

Definition and meaning of Insurance Exchange :

Insurance Exchange: Term used to describe a facility that exists in a few states to provide a market for reinsurance and for the insurance of large and unusual domistic and foreign risks that are difficult ot insure in the normal markets. Examples are the New York Insurance Exchange, the Insurance Exchange of the Americas, and the Illinois Inurance Exchange.

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

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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 )

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Definition and meaning of IPG Plan :

IPG Plan: See Immediate Participation Guarantee Plan.

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

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Definition and meaning of Joint-and-Several Liability :

Joint-and-Several Liability: A legal principle that permits the injured party in a tort action to recover the entire amount of compensation due for injuries from any tort feasor who is able to pay, regardless of the degree of that party's negligence.

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

Also see these pages: Joint-and-Several Liability , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - J

Definition and meaning of Joint Underwriting Association :

Joint Underwriting Association: A device used to provide insurance to those who cannot obtain insurance in the voluntary market. Certain companies (called carriers) issue policies at one rate level and handle claims, but the ultimate costs are borne by all companies writing insurance in that state.

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

Also see these pages: Joint Underwriting Association , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - J

Definition and meaning of Joint Underwriting Association :

Joint Underwriting Association: One of several types of "shared market" mechanisms used to make automobile insurance available to persons who are unable to obtain such insurance in the regular market. JUAs also have been created in some states to help alleviate availability problems in the fields of medical malpractice and commercial insurance.

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

Also see these pages: Joint Underwriting Association , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - J

Definition and meaning of Joint Tenants :

Joint Tenants: A form of joint property ownership with right of survivorship, i.e., in which the survivors automatically own the share of a deceased co-owner.

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

Also see these pages: Joint Tenants , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - J

Definition and meaning of Joint-and-Survivor Annuity :

Joint-and-Survivor Annuity: A contract that provides income periodically, payable during the longer lifetime of two persons. The amount payable may decrease at the death of one or the other. (See Contingent Annuity Option)

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

Also see these pages: Joint-and-Survivor Annuity , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - J

Definition and meaning of Judgment Rating :

Judgment Rating: Rate-making method for which each exposure is individually evaluated and the rate is determined largely by the underwriter's judgment.

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

Also see these pages: Judgment Rating , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - J

Definition and meaning of Jumping Juvenile Insurance Policy :

Jumping Juvenile Insurance Policy: Life insurance purchased by parents for children under a specified age. Provides permanent life insurance that increases in face value five times at age twenty-one with no increase in premium.

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

Also see these pages: Jumping Juvenile Insurance Policy , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - J