Glossary of Insurance Terms by Thomas E. Green Download PDF EPUB FB2
This page provides a glossary of insurance terms and definitions that are commonly used in the insurance business. New terms will be added to the glossary over time.
The definitions in this glossary are developed by the NAIC Research and Actuarial Department staff based on various insurance references. These definitions represent a common or. Our insurance terms glossary is divided alphabetically by insurance terms in a quick reference guide to assist understanding the language commonly used by insurance companies.
Policy documents contain a number of insurance terms because they typically define the limitations of risk and liability on the insured and any exclusions of coverage. Contact IRMI. International Risk Management Institute, Inc. Merit Drive, Suite Dallas, TX () () Compiled from the Academy's five insurance and risk management book plus many other sources, this extensive glossary defines, describes and details insurance and risk management terms and concepts from "A Posteriori Data" to "Zone of Danger.".
Glossary of Health Insurance Terms. On MaPresident Obama signed the Patient Protection and Affordable Care Act (PPACA) into law. When making decisions about health coverage, consumers should know the specific meanings of terms used to discuss health insurance.
Below are definitions for some of the more commonly used terms and how. Glossary of Insurance Terms Paperback – January 1, by Merritt Publishing (Editor) out of 5 stars 1 rating. See all formats and editions Hide other formats and editions. Price New from Used from 5/5(1).
This glossary is intended as a general aid to help you understand some of the commonly occurring phrases and jargon used in the insurance world. If you have any questions about the use or meaning of a term or expression in any particular product or literature, you. Glossary of Insurance Terms Actuary A professional trained in the mathematics of insurance and risk management, including the calculations of premiums, policy reserves and other values.
Agent The insurance company representative who sells policies on behalf of the insurer. An independent agent represents more than one company; a captive agent represents only one company. Spanish Glossary of Insurance Terms 2nd Edition. ISBN ISBN Why is ISBN important.
ISBN. This bar-code number lets you verify that you're getting exactly the right version or edition of a book.
The digit and digit formats both work. Glossary of Insurance Terms This list is not meant to be all inclusive, but should help with your understanding some insurance terms used in our website.
Words associated with Surety and Bonds and Title Insurance are listed separately at the end of this list. Looking for information on Book Value. IRMI offers the most exhaustive resource of definitions and other help to insurance professionals found anywhere.
Click to go to the #1 insurance dictionary on the web. Glossary. Most of the definitions below are provided courtesy of the Insurance Institute of Canada. Definitions provided by Insurance Bureau of Canada are indicated with an asterisk ("*").
The language of insurance can be quite complex and confusing. Below are File Size: KB. Dictionary of Insurance Terms -A- • Absolute Liability: Liability for damages even though fault or negligence cannot be proven.
• Accident: An event or occurrence which is unforeseen and unintended. • Act of God: A flood, earthquake or other non preventable accident resulting from natural causes that occur without any human intervention. • Activities of Daily Living: A list of File Size: KB. Glossary of Commercial Insurance Terms Commercial insurance is divided into two main categories: property insurance and casualty insurance.
Property insurance provides coverage for property that is stolen, damaged, or destroyed by a covered peril. The term "property insurance" includes many lines of available insurance. Revised edition of: Merritt glossary of insurance terms.
Description: vii, pages: illustrations ; 23 cm: Other Titles: Merritt glossary of insurance terms. Responsibility: edited by Thomas E. Green, and the Merritt Company Editorial Staff. Glossary of Health Coverage and Medical Terms Page 1 of 4 Glossary of Health Coverage and Medical Terms • This glossary has many commonly used terms, but isn’t a full glossary terms and definitionsare intended to be educational and may be different from the terms and definitions in your plan.
Some of these terms alsoFile Size: KB. Genre/Form: Encyclopedias Dictionary Dictionaries: Additional Physical Format: Online version: Osler, Robert Willard, Glossary of insurance terms. This is a glossary of common mathematical terms used in arithmetic, geometry, algebra, and statistics.
Abacus: An early counting tool used for basic arithmetic. Absolute Value: Always a positive number, absolute value refers to the distance of a number from : Anne Helmenstine.
Glossary of Insurance Terms b Limit. The dollar limit for how much of a home's value can be used to determine the amount of money you can get from a federally insured Home Equity Conversion Mortgage reverse mortgage; the name comes from Section b of the National Housing Act.
Inspired by the Einstein quote, the XKCD comic and book, the Simple English Wikipedia and a few very useful tools we gave ourselves the challenge of building a Glossary of Insurance terms written in Simple English, using only the 1, most common words in the English : Antonio Canas.
Insurance Terms And Definitions. No insurance website could be complete without offering and index of insurance terms and definitions. We've curated a list of advanced and basic insurance terms and their definitions to better help you understand the often confusing world of insurance.
This page provides an index of insurance terms and. Glossary of Insurance Terms: Over 2, Definitions of the Most Commonly Used Words in the Industry by Green, Thomas E. and a great selection of related books, art.
The insurance business encompasses a daunting array of industry jargon. Thankfully, there are resources to help consumers navigate the maze of unfamiliar terms.
These often take the form of glossaries, or lists of specialized terms relating to a special subject – in this case, insurance – with accompanying definitions. Two such glossaries are of particular. Use this informative property and casualty insurance glossary to better understand basic insurance terms and definitions.
Learn insurance industry vocabulary that will help you better understand your insurance policies. Every industry has its own jargon, and the property and casualty insurance business is.
DEFINITIONS OF HEALTH INSURANCE TERMS In Februarythe Federal Government’s Interdepartmental Committee on Employment-based Health Insurance Surveys approved the following set of definitions for use in Federal surveys collecting employer-based health insurance data.
The BLS. An asset in insurance terms is something with monetary value that is covered by an insurance policy, such as a car or a property.
Under that policy, the insurer must compensate the policyholder (in accordance with the policy’s terms and conditions) if the asset is damaged or destroyed and the policyholder makes a claim. A Glossary Of Marine Insurance And Shipping Terms. From portside to starboard, and everything in between.
Introducing our new Marine Protect Glossary E-book. As Australia’s leading specialist marine insurer, we’ve developed a glossary of terms as an expert guide.
GLOSSARY OF INSURANCE TERMS THE A-Z FOR INSURANCE PRACTITIONERS Terms generally associated with reinsurance Ab initio A term used to describe avoidance of a contract from its inception or its beginning.
The Insurance Contracts Act allows an insurer to avoid. The original Glossary of Insurance Terms was compiled by John s. Bickley, Phd, and the late robert W. Osler. Both men served on operating commit - tees of the commission on Insurance Terminology (cIT), which worked to develop more precise insurance definitions during –, and both sought to continue the efforts of the commission.
Thomas e. Glossary of Health Insurance Terms decem prior insurance must have provided a minimum level of coverage; benefit policies, such as limited scope dental or vision benefits, do not qualify.
Insurance terms, definitions and explanations are intended for informational purposes only and do not in any way replace or modify the definitions and information contained in individual insurance contracts, policies or declaration pages, which are controlling.
Such terms and availability may vary by state and exclusions may apply.Co-insurance: A percentage of the cost of services that the insured person have to pay. For example, a plan may pay 90% of the charges and the insurer pay 10%. Co-pay: The amount that an insured person must pay up-front at the time of service for a covered benefit.
There may be additional charges (co-insurance) for additional services performed.Insurance company that actually underwrites and issues the insurance policy.
The term refers to the fact that the company carries (or assumes) certain risks for the policyholder. Liability or loss resulting from an accident. Request by an insured for the insurance company to cover an incurred loss. A claim may be filed online, by phone or in.