Terms with Tag Insurance

  • Long Term Care Insurance (LTC) Acronym, Important,
    • Insurance that covers health care costs for individuals with chronic or disabling conditions.
  • Long Term Disability (LTD)Acronym, Very Important,
    • Long Term Disability Insurance (LTDI)Acronym,
      • Long Term Disability Insurance Plan (LTDIP)Acronym, Canada,
        • Long Term Disability Plan (LTDP)Acronym,
          • Long Term Income Disability (LTID)Acronym,
            • Loss Control Definition,
              • The combined efforts undertaken by both the insurer and the insured to lower the risk, frequency and extent of potential losses.
            • Loss Control Representative (LCR)Acronym,
              • Loss Payable Clause Definition,
                • An insurance policy provision for payment of a claim to someone, other than the insured's interest in the insured property. This clause basically allows an insurer to make payments to a third party in certain circumstances.
              • Loss Payee Definition,
                • An entity that is legally entitled to the benefits of an insurance claim.
              • Loss Ratio Definition,
                • A method of comparing an insurer's losses to premiums earned in a specific period of time.
              • Loss Reserve Definition,
                • A reserve of money and liquid assets set aside by an insurer for the payment of claims that have been submitted but have yet to be paid out.
              • Loss Settlement Amount Definition,
                • The percentage of damages an insurer is contractually obligated to pay for after a claim.
              • Losses Incurred Definition,
                • The total net losses of an entity in a year.
              • Lost Policy Release (LPR)Acronym,
                • Lump Sum Death Benefit (LSDB)Acronym,
                  • A one time payment awarded to a beneficiary in a life insurance policy.
                • Malpractice Definition,
                  • Negligent acts done by a professional that causes injury to a plaintiff.
                • Malpractice Insurance Definition,
                  • Insurance that covers professionals from liability due to their own negligence or intentional harm.
                • Managers Association of Insurance and Financial Advisors of Canada (MAIFAC)Company, Ontario, Canada,
                  • Mandatory Securities Valuation Reserve (MSVR)Acronym, United States,
                      A US term.
                    • Manheim Automotive Financial Services (MAFS)Company, US and Canada,
                      • Manitoba Crop Insurance Corporation (MCIC)Company, Manitoba, Canada,
                          See Manitoba Agricultural Services Corporation (MASC).
                        • Manitoba Public Insurance (MPI) Company, Manitoba, Canada,
                          • Marina Operators Legal Liability (MOLL)Acronym,
                            • Marine Insurance Policy (MIP)Acronym,
                              • Marine, Aviation and Transport (MAT)Acronym,
                                • Market Value Margin (MVM)Acronym,
                                  • Maturity Guarantee Definition,
                                    • A guarantee that after a certain date a contract, such as a life insurance policy or annuity, will have a minimum dollar value.
                                  • Maximum Death Benefit (MDB)Acronym,
                                    • Maximum Foreseeable Loss (MFL)Acronym,
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