Terms with Tag Insurance

  • Accelerated Benefit Option Definition,
    • An option that allows the insured to receive insurance benefits before they would ordinarily be available.
  • Accelerated Death Benefit (ADB) Acronym,
    • An option that allows the insured to receive insurance benefits before they would ordinarily be available.
    More commonly referred to as a Accelerated Death Benefit Rider (ADBR).
  • Accelerated Death Benefit Rider (ADBR) Acronym,
    • An option that allows the insured to receive insurance benefits before they would ordinarily be available.
  • Accident & Sickness (A&S)Acronym, Important,
      Insurance policy.
    • Accident and Indemnity (A&I)Acronym,
        An insurance liability agreement.
      • Accidental Death & Disablement (AD&D, ADD)Acronym,
          A life insurance policy that offers payouts to policyholders and their dependents in the event of an accident causing death or serious impairment.
        • Accidental Death & Dismemberment (AD&D, ADD) Acronym,
          • Insurance coverage for death or dismemberment (the loss of a body part).
          A life insurance policy.
        • Accidental Death and Dismemberment Insurance Definition,
          • Insurance coverage for death or dismemberment (the loss of a body part).
        • Accidental Death Benefit (ADB) Acronym, Very Important,
          • An additional benefit that pays an additional sum to a beneficiary if the cause of death is deemed to be accidental.
          A life insurance policy rider.
        • Accommodation Line Definition,
          • As a favour to a broker, insurance companies will sometimes approve coverage to an individual who would not otherwise qualify.
        • Account Current (AC) Acronym, Very Important,
          • A ledger summarizing the performance of each agent employed by an insurance company.
          A monthly or yearly ledger style report provided by an insurer to an insurance agent detailing policies, premiums, commissions, cancellations, and endorsements.
        • Account Current Value (ACV)Acronym,
            In relation to retirement annuities.
          • Accountants Professional Liability (APL)Acronym,
              Liability insurance program offered to accountants.
            • Accounts Receivable Insurance Definition,
              • Insurance covering losses due to cash flow problems.
            • Act of God (AOG) Acronym,
              • When used in insurance policies, an event caused by natural forces such as hail, rain, tornado, lightning, floods or earthquakes, which results in damage to property.
            • Actual Age Definition,
              • The years since a structure was built. Differs from effective age.
            • Actuarial Table Bank,
              • A table used in actuarial science that outlines the statistical probability that an individual of a specific age and sex will die within a year.
            • Actuary Bank,
              • An individual who assesses the mechanisms, mathematics and complexities of risk and uncertainty.
            • Additional Liability Insurance (ALI)Acronym, Important,
              • Additional Policy Benefit (APB)Acronym,
                • Additional Premium (AP, A.P.)Acronym, Important,
                    Surcharge or complement to an insurance premium.
                  • Adequacy of Coverage Definition,
                    • An assessment of how well an entity's property and assets are insured against potential losses.
                  • Adjusted Cost Basis Bank,
                    • The amount paid for an item, plus the amount paid for improvements, minus losses and depreciation. When the owner sells the item, the difference between the sales price and the adjusted cost basis is the profit or loss.
                  • Adjusted Net Worth (ANW)Acronym,
                    • Administrative Services Only (ASO)Acronym,
                      • Advocis Protective Association (APA)Company, Canada,
                          Protects Advocis members by offering comprehensive errors and omissions insurance coverage.
                        • Aetna Life Insurance and Annuity Company (ALIAC)Company,
                          • Agency (agcy) Bank,
                            • A relationship between two parties -- a client and an agent -- in which the agent represents the client in transactions with a third party.
                          • Agent (agt) Bank,
                            • A person who acts on behalf of another. In real estate, an agent is a person who conducts transactions on behalf of sellers and sometimes buyers.
                          • Aggregate Limit of Liability Definition,
                            • A restriction on the amount of liability an insured entity can place on an insurer in a specific time period.
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