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- a professional classification awarded by the American Institute of Home and Casualty Underwriters to individuals in the home and liability insurance coverage field who pass a series of examinations in insurance, risk management, economics, financing, management, accounting, and law. Designates should likewise have at least 3 years experience in the insurance coverage company or related field.
If the insured fails to keep the quantity defined in the provision (Normally at least 80%), the insured shares a higher proportion of the loss. In medical insurance coverage a percentage of each claim that the guaranteed will bear. - an arrangement to get payments as the buyer of a Choice, Cap or Floor and to make payments as the seller of a various Alternative, Cap or Flooring.
Include under this type of insurance multi-peril policies (other than farmowners, homeowners and vehicle policies) that include coverage for liability aside from car. - provides a broad plan of property and liability coverages for commercial ventures other than those supplied insurance coverage through an entrepreneur policy. - residential or commercial property insurance protection sold to industrial ventures.
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- policy appointing lender as recipient for insurance on a debtor consequently remitting balance of payment to lender upon death of debtor. - insurance coverage composed in connection with a credit transaction where the security is not an automobile, mobile house or realty and that covers dangers to the goods bought through a credit transaction or used as collateral for a credit deal and that issues a creditor's interest in the acquired goods or pledged collateral, either in whole or in part; or covers dangers to items acquired in connection with an open-end deal.
"Creditor Placed Home" means "Creditor Placed Insurance" on houses, mobile homes and other realty. houston insurance brokers. "Creditor Placed Auto" implies insurance coverage on vehicles, boats or other vehicles. - part of the risk-based capital formula that attends to the collectability of a business's receivables and the danger of losing a provider or intermediary that has received advance capitation payments.
- single interest or double interest credit insurance purchased unilaterally by the financial institution, who is the called insured, subsequent to the date of the credit transaction, providing coverage against loss to home that would either hinder a financial institution's interest or adversely affect the value of security on houses, mobile homes, and other realty.
- coverage for crop damage due to hail, fire or lightning. - date when an insurance provider releases a click to investigate policy. - policy statements concerning the applicant and property covered such as demographic and occupational info, check it out residential or commercial property specifications and expected mileage annually. - Portion of the insured loss (in dollars) paid by the policy holder - annuity payment to be made as a single payment or a series of installments to begin at some future date, such as in a specified variety of years or at a defined age.
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- policies offering only dental treatment benefits such as regular dental assessments, preventive dental work, and oral treatments required to deal with tooth decay and illness of the teeth and jaw. - line of work offering oral just coverage; protection can be on a stand-alone basis or as a rider to a medical policy.
- loss whereby the proximate cause is equivalent to the insured peril. - Damage to covered genuine or personal effects brought on by a covered peril. - an insurance business that sells policies to the insured through employed representatives or exclusive agents just; reinsurance companies that deal directly with delivering companies rather of utilizing brokers.
- a refund of a part of the premium paid by the insured from insurer surplus. - an insurance provider that is domiciled and accredited in the state in which it sells insurance. - insurance coverage that protects the financial institution's and the debtor's interest in the collateral securing the debtor's credit deal.
- the amount at which a property (or liability) could be purchased (or incurred) or best site sold (or settled) in a current transaction in between willing celebrations, that is, besides in a required or liquidation sale. Priced estimate market value in active markets are the very best evidence of fair value and will be utilized as the basis for the measurement, if available.
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Statutory rules also govern how insurance providers should establish reserves for invested assets and claims and the conditions under which they can declare credit for reinsurance delivered. - a statute requiring motorists to show capacity to spend for automobile-related losses. - balance sheet and profit and loss declaration of an insurance coverage company.
- coverage safeguarding the guaranteed against the loss to genuine or personal effects from damage caused by the hazard of fire or lightning, consisting of company disturbance, loss of rents, and so on - protection for home loss liability as the result of separate negligent acts and/or omissions of the guaranteed that permits a dispersing fire to trigger bodily injury or home damage of others.
- coverage protecting the guaranteed versus loss or damage to real or personal effects from flood. (Note: If coverage for flood is used as an extra danger on a property insurance policy, file it under the applicable property insurance coverage filing code.) - an insurer selling policies in a state besides the state in which they are included or domiciled.