Terms with Tag Insurance

  • Issuer Definition,
    • A legal entity that develops, registers, and sells securities including stocks, bonds and derivatives.
  • Kidnap and Ransom Insurance Definition,
    • Insurance that covers expenses involved if an individual is kidnapped and ransom payments are made.
  • Kidnapping and Ransom (K&R, KR)Acronym,
      Travel insurance policy.
    • Lapse Ratio Definition,
      • A ratio that compares how many life insurance policies have lapsed from the beginning year to the end.
    • Lapsed Policy Definition,
      • A policy that is no long in effect due to missed payments, inaction or its term ending.
    • Late Payment Offer (LPO)Acronym,
      • Lawyers' Professional Indemnity Company (LPIC) Company Est. 1990, Canada,
        • Legal Reserve Definition,
          • The legally mandated minimum amount of money an insurer must keep liquid in order to satisfy its obligations to policyholders.
        • Lender Paid Mortgage Insurance (LPMI)Acronym, United States,
            A US mortgage term.
          • Lender's Mortgage Insurance (LMI)Acronym, United States,
              A US mortgage term.
            • Level Cost of Insurance (LCOI)Acronym, Important,
              • Level Term Income for Disability (LTID)Acronym,
                • Level-Premium Insurance Definition,
                  • Insurance where the premiums the policyholder pays are guaranteed to remain the same for an agreed upon period of time.
                • Liability Definition,
                  • A situation where one party is found to be legally responsible for something.
                • Liability Adequacy Test (LAT)Acronym,
                  • Liability Adjustment Factor (LAF)Acronym,
                    • Liability Insurance Definition,
                      • Insurance that provides coverage for damages caused by an individual or entity's negligence or legal responsibilities.
                    • Liability Insurance Supplement (LIS)Acronym,
                      • Life & Health (L&H)Acronym,
                        • Life Insurance Definition, Very Important,
                          • An arrangement where an insurer agrees to pay a benefit to one or more beneficiaries in the event of the policyholder's death.
                          CanEquity offers life insurance.
                        • Life Insurance Institute of Canada (LIIC)Company, Canada,
                            See Insurance Institute of Canada (IIC).
                          • Life Insurance Policy (LIP)Acronym,
                            • Life Insurance Trust (LIT) Acronym,
                              • A legal entity that is made the beneficiary of a life insurance policy, often arranged to evade taxation.
                            • Life License Qualification Program (LLQP)Acronym, Canada,
                                Prerequisite for provincial insurance regulator's licensing exam.
                              • Life Policy (LP)Acronym,
                                  An insurance policy.
                                • Life Underwriters Association of Canada (LUAC)Company, Canada,
                                  • Limit of Indemnity (LOI)Acronym,
                                    • Living Benefits Definition,
                                      • The option for a life insurance policyholder to receive a portion of their death benefit in advance of their death.
                                    • Lloyd's of London Company,
                                      • A market for insurance and reinsurance based in London, England where Lloyd's members, underwriters and financial backers can spread and share risk.
                                    • Lloyd's Syndicates Definition,
                                      • A group of Lloyd's of London underwriters.
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