Bonds a form of debt security whereby the debt holder has a creditor stake in the company. Obligations issued by business units, governmental units and certain... more
Risk Based Capital (RBC) Ratio ratio used to identify insurance companies that are poorly capitalized. Calculated by dividing the company's capital by the minim... more
International includes all business transacted outside the U.S. and its territories and possessions where the appropriate line of business is not determinable.... more
Life Endowment insurance that pays the same benefit amount should the insured die during the term of the contract, or if the insured survives to the end of th... more
Financial Guaranty a surety bond, insurance policy, or an indemnity contract (when issued by an insurer), or similar guaranty types under which loss is payable... more
Federally Reinsured Crop crop insurance coverage that is either wholly or in part reinsured by the Federal Crop Insurance Corporation (FCIC) under the Standard... more
Auto Physical Damage motor vehicle insurance coverage (including collision, vandalism, fire and theft) that insures against material damage to the insured's veh... more
Personal Injury Liability liability coverage for those who have been discriminated against, falsely arrested, illegally detained, libeled, maliciously prosecute... more
Ocean Marine coverage for ocean and inland water transportation exposures; goods or cargoes; ships or hulls; earnings; and liability. What is Ocean Marine , W... more
Medicare Cost contract with Center for Medicare and Medicaid Services (CMS) for Medicare coverage. These contracts with CMS provide reimbursement through pre de... more
Lapse termination of a policy due to failure to pay the required renewal premium. What is Lapse termination, What does mean Lapse termination, Insurance Guide... more
Corrective Order commissioner's directive of action to be completed by an insurer. What is Corrective Order , What does mean Corrective Order , Insurance Guid... more
Short Term Medical policies that provide major medical coverage for a short period of time, typically 30 to 180 days. These policies may be renewable for multip... more
Structured Securities loan backed securities that have been divided into two or more classes of investors where the payment of interest and/or principal of any... more
Subrogation Clause section of insurance policies giving an insurer the right to take legal action against a third party responsible for a loss to an insured for... more
Continuing Care Retirement Communities senior housing arrangements that in addition to housing include some provision for skilled nursing care. What is Contin... more
Agent an individual who sells, services, or negotiates insurance policies either on behalf of a company or independently. What is Agent , What does mean Agent... more
Independent Contractor an individual who is not employed for a company but instead works for themselves providing goods or services to clients for a fee. What... more
