Insurance Terms Dictionary Online
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Deductible the amount of loss paid by the policyholder.
Insurance terms dictionary online. 12222 merit drive suite 1600 dallas tx 75251 2266 972 960 7693 800 827 4242. Referred to as the ìdec page î. The act business or system of insuring.
Our insurance terms glossary is divided alphabetically by insurance terms in a quick reference guide to assist understanding the language commonly used by insurance companies. A means of being insured. Learn insurance industry words and phrases that begin with the letter a that can help you better understand the language used in insurance policies.
An arrangement or agreement that protects someone from incurring future losses as from damage theft illness or death especially a contract that transfers the risk of a specified loss to another. Policy documents contain a number of insurance terms because they typically define the limitations of risk and liability on the insured and any exclusions of coverage. The definitions in this glossary are developed by the naic research and actuarial department staff based on various insurance references.
This page provides a glossary of insurance terms and definitions that are commonly used in the insurance business. Declaration part of a property or liability insurance policy that states the name and address of policyholder property insured its location and description the policy period premiums and supplemental information. Learn about basic insurance terms and definitions that start with a.
The dictionary of insurance presents words and expressions that are found in common use in the property and casualty insurance industry. The state of being insured. There are approximately 1 700 terms in this edition and it s an invaluable resource for your insurance education and professional development.
A glossary of life insurance and financial terms a glossary of life insurance and financial terms a to b. We ve curated additional glossaries of insurance terms and definitions to help you better understand the often confusing legal language of insurance. Either a specified dollar amount a percentage of the claim amount or a specified.
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