Terms with Tag Insurance

  • 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 Indexed Annuity (FIA) — Acronym,
    • 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.
    • Flexible Premium Deferred Annuity (FPDA) — Acronym,
      • Flexible Premium Variable Life Insurance (FPVLI) — Acronym,
        • Floater Insurance — Definition,
          • Insurance that covers assets not commonly covered by an existing policy such as electronics or jewelry.
        • Flood Hazard Zone (FHZ) — Acronym,
          • Flood Insurance — Definition,
            • An insurance policy that provides coverage for the damages resulting from flooding. Canadian homeowners are currently unable to purchase flood insurance.
          • Flood Insurance Rate Map (FIRM) — Acronym, United States,
              ➥ A US mortgage term.
            • Flood Insurance Study (FIS) — Acronym, United States,
                ➥ A US mortgage term.
              • Flood Plain (flpl) — Abbreviation,
                • Land that is prone to inundation.
              • Flood Zone Determination (FZD) — Acronym,
                • Foreign Investment Insurance Policy (FIIP) — Acronym,
                  • Foreign Variable Universal Life Insurance (FVUL) — Acronym,
                    • Four Pillars — Definition,
                      • Refers to the main types of financial institutions: banking, trust, insurance, and securities.
                    • Free of All Average (FAA) — Acronym,
                      • Free of Damage (FOD) — Acronym,
                        • Fringe Benefit — Definition,
                          • Employee compensation other than your wages, tips and salaries, such as health insurance, life insurance and pension plans. Usually referred to as a Bonus.
                        • Full Interest Admitted (FIA) — Acronym,
                          • Full Premium If Lost (FPIL) — Acronym,
                            • Future Policy Related Liabilities (FPRL) — Acronym,
                              • Future Purchase Option — Definition,
                                • A provision that gives the policyholder the option to purchase additional insurance coverage at a future date.
                              • Gap Insurance — Definition,
                                • A type of insurance offered to auto lease customers. This type of insurance covers the difference in value between a vehicle's book value and the amount remaining on a vehicles financing or lease, if such a difference exists.
                              • Gatekeeper — Definition,
                                • In relation to health maintenance organizations, a gatekeeper is a primary care physician that arranges medical care for policyholders.
                              • General Account (GA) — Acronym, Very Important,
                                • Investments and assets that an insurer uses for paying benefits and claims.
                              • General Average (GA) — Acronym,
                                • General Equilibrium Model (GEM) — Acronym,
                                  • General Insurance Statistical Agency (GISA) — Company Est. 2005, Toronto, Ontario, Canada,
                                      ➥ A federally incorporated, non-profit corporation.
                                    • General Liability Insurance — Definition,
                                      • Insurance that protects individuals and businesses from a number of potential liabilities.
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