Terms with Category Insurance
- Disease Management (DM) — Acronym, Important,
- The process of discussing and agreeing to treatments and care plans for individuals with long-term health care needs.
➥ Heath care decisions made to manage a disease. - Dread Disease Rider — Definition,
- Insurance that provides a benefit if the policyholder is diagnosed with an illness that is deemed serious or terminal.
- Early Withdrawal Penalty — Definition,
- A depositor forfeits interest or is charged a service fee for either withdrawing funds or closing a time deposit before the maturity date.
- Earned Premium (EP) — Acronym,
- The amount of premiums that an insurer has collected from an insurance policy at a given time.
- Effective Age — Definition,
- An appraiser's estimate of the physical condition of a building. The actual age of a building may be shorter or longer than its effective age.
- Elimination Period — Definition,
- The wait that spans from when a claim is initially filed to when benefits are eventually paid by an insurer.
- Employers Liability Insurance (ELI) — Acronym,
- Insurance purchased to cover businesses for liability from workplace accidents.
- Employment Insurance (EI) — Acronym, Canada,
- A Service Canada program where premiums are paid by taxpayers and benefits are provided for the unemployed.
➥ Formerly known as Unemployment Insurance (UI). - Entity-Purchase Agreement — Definition,
- A plan used for businesses with multiple owners where insurance policies are taken out for each owner in the amount of their ownership stake.
- Equity — Definition,
- Ownership in an asset.
- The value of a property minus outstanding mortgage debt and other liens.
- Errors and Omissions Insurance — Definition,
- Insurance that protects architects, home inspectors and contractors from claims by clients for professional mistakes.
- Estate Planning — Definition,
- The process of determining how assets will be dispersed after an individual's death, ideally in the most tax-efficient way possible.
- Exclusions — Definition,
- Situations, as listed in an insurance policy, where insurance companies are allowed to deny coverage to policyholders.
- Executor — Definition,
- The person who manages the estate of a deceased individual.
- Expense Ratio — Definition,
- A method of calculating an insurer's operating efficiency.
- Exposure — Definition,
- How much liability an insurer takes on when they write an insurance policy.
- Extended Replacement Cost — Definition,
- A replacement cost for an asset that exceeds that of the actual cash value of the asset.
- Face Value — Definition,
- The value of an asset, or the size of an insurance benefit.
- Fake Claim — Definition,
- An insurance claim made fraudulently.
- Family Income Rider — Definition,
- A recurring or lump sum life insurance benefit that matches the policyholder's income.
- Fidelity Bond — Definition,
- Insurance that protects a business from losses due to employee fraud, such as theft, forgery or fraudulent trading.
- Financial Responsibility Laws — Definition,
- A type of law that requires an entity to be capable of paying for damages in the event of a potential claim.
- Financing Entity — Definition,
- An entity that purchases an insurance policy or settlement contract.
- Finder Fee — Definition,
- A fee paid by a party to another for services rendered.
- Finite Reinsurance — Definition,
- A reinsurance arrangement where the reinsurer only takes on a limited amount of risk from the ceding party.
- Fire Insurance — Definition,
- Insurance that covers losses from fire damage to insured assets.
- First Dollar Coverage — Definition,
- Insurance coverage that does not require the insured to pay a deductible.
- First Loss Insurance Policy — Definition,
- An insurance policy where the policyholder under-insures their assets and will only receive partial coverage in the event of a loss.
- Fixed Premium — Definition,
- Insurance or annuity premiums that stay level for a specific period of time.
- Flat Fee — Definition,
- A fixed charge that a broker requests instead of a commission.
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Disease Management -
Executor
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