Terms with Tag Insurance

  • Net Premium Definition,
    • The total earned by an insurer in insurance premiums, less the agent's commissions.
  • Net Premiums Written (NPW)Acronym,
    • Net Single Premium (NSP)Acronym,
      • Net Written Premiums (NWP)Acronym,
        • New Brunswick Credit Union Deposit Insurance Corporation (NBCUDIC)Company, New Brunswick, Canada,
          • No-Load Life Insurance Definition,
            • A type of life insurance policy that is sold without a commission for the selling agent.
          • Non Policy Issuance (NPI)Acronym,
            • Non-Cancellable Definition,
              • A contract or section of a contract that cannot be modified.
            • Non-Forfeiture Clause Definition,
              • A clause that allows a policyholder to receive partial or full benefits and/or a refund of premiums if the policy lapses due to unpaid premiums.
            • Non-Industrial Disability Insurance (NDI)Acronym,
              • Non-Owned Disposal Site (NODS)Acronym,
                • Non-Scheduled Personal Property Definition,
                  • Assets considered common enough that they are automatically covered by property insurance without the need for an appraisal or receipt.
                • North American Professional Liability Insurance Agency (NAPLIA) Company,
                  • Nova Scotia Insurance Review Board (NSIRB)Company, Nova Scotia, Canada,
                      The responsibility of the Nova Scotia Insurance Review Board to review applications from insurance companies requesting automobile insurance rate changes has been transferred to the Nova Scotia Utility and Review Board (NSUARB).
                    • Occurrence Definition,
                      • An event that triggers the need for insurance coverage.
                    • Office of the Superintendent of Financial Institutions (OSFI) Company, Canada, Important,
                      • Old Age Survivors and Disability (OASD)Acronym,
                        • Ombudsman des assurances de personnes (OAP)Company,
                            French acronym for OmbudService for Life & Health Insurance (OLHI).
                          • Omissions and Errors (O&E)Acronym,
                            • Optional Death Benefit (ODB)Acronym,
                              • Additional insurance riders that can be added to a policy that offer protection against specific circumstances.
                            • Original Gross Premium Income (OGPI)Acronym,
                              • Other Party Liability (OPL)Acronym,
                                • Out-of-Pocket Limit Definition,
                                  • A cap on the amount of costs a policyholder will ever need to pay with their own money without receiving benefits.
                                • Own-Occupation Provision Definition,
                                  • Insurance that triggers when a policyholder is unable to work in his or her own occupation due to disablement.
                                • Owners and Contractors Protective Liability Policy (OCP)Acronym,
                                  • Pacific Blue Cross (PBC) Company, British Columbia, Canada,
                                    • Paid-up Additional Insurance Definition,
                                      • The option for a policyholder to purchase additional insurance coverage with additional premiums or policy dividends.
                                    • Passenger Legal Liability (PLL)Acronym,
                                      • Pensions, Insurance and Financial Institutions (PIFI)Acronym, Alberta, Canada,
                                        • Peril Definition,
                                          • Anything that poses a risk of loss, which may or may not be insurable depending on the potential for risk.
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