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- a professional designation granted by the American Institute of Property and Casualty Underwriters to persons in the residential or commercial property and liability insurance coverage field who pass a series of tests in insurance coverage, risk management, economics, financing, management, accounting, and law. Designates must also have at least 3 years experience in the insurance coverage organization or related field.
If the insured fails to maintain the quantity specified in the provision (Generally at least 80%), the insured shares a higher percentage of the loss. In medical insurance coverage a portion of each claim that the insured will bear. - an agreement to receive payments as the purchaser of an Alternative, Cap or Floor and to pay as the seller of a different Choice, Cap or Floor.
Consist of under this kind of insurance multi-peril policies (aside from farmowners, homeowners and vehicle policies) that consist of protection for liability other than automobile. - provides a broad plan of property and liability coverages for business ventures besides those offered insurance coverage through an entrepreneur policy. - home insurance coverage offered to industrial ventures.
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- policy appointing financial institution as beneficiary for insurance coverage on a debtor thus remitting balance of payment to financial institution upon death of debtor. - insurance coverage composed in connection with a credit transaction where the security is not a motor lorry, mobile house or genuine estate which covers dangers to the items bought through a credit deal or used as security for a credit transaction and that issues a lender's interest in the purchased items or promised security, either in entire or in part; or covers hazards to goods purchased in connection with an open-end transaction.
"Financial Institution Placed House" implies "Financial institution Placed Insurance" on houses, mobile houses and other real estate. houston insurance. "Lender Placed Auto" indicates insurance coverage on vehicles, boats or other cars. - part of the risk-based capital formula that attends to the collectability of a business's receivables and the threat of losing a supplier or intermediary that has gotten advance read what he said capitation payments.
- see this single interest or dual interest credit insurance coverage bought unilaterally by the creditor, who is the called insured, subsequent to the date of the credit deal, supplying coverage against loss to home that would either hinder a creditor's interest or negatively impact the value of security on houses, mobile homes, and other genuine estate.
- coverage for crop damage due to hail, fire or lightning. - date when an insurance provider releases a policy. - policy declarations relating to the candidate and property covered such as market and occupational details, residential or commercial property specs and expected mileage per year. - Portion of the insured loss (in dollars) paid by the policy holder - annuity payment to be made as a single payment or a series of installations to start at some future date, such as in a defined variety of years or at a defined age.
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- policies supplying only oral treatment benefits such as regular dental evaluations, preventive dental work, and oral procedures required to treat dental caries and illness of the teeth and jaw. - line of business offering dental only coverage; protection can be on a stand-alone basis or as a rider to a medical policy.
- loss whereby the near cause is equivalent to the insured hazard. - Find Out More Damage to covered genuine or individual residential or commercial property triggered by a covered hazard. - an insurance company that sells policies to the guaranteed through salaried agents or exclusive representatives only; reinsurance business that deal directly with delivering business rather of using brokers.
- a refund of a part of the premium paid by the guaranteed from insurer surplus. - an insurer that is domiciled and accredited in the state in which it sells insurance. - insurance that safeguards the financial institution's and the debtor's interest in the security securing the debtor's credit transaction.
- the amount at which a property (or liability) could be bought (or incurred) or sold (or settled) in a present transaction in between ready parties, that is, besides in a required or liquidation sale. Estimated market value in active markets are the very best proof of reasonable worth and shall be utilized as the basis for the measurement, if available.
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Statutory rules likewise govern how insurance companies must establish reserves for invested assets and claims and the conditions under which they can claim credit for reinsurance ceded. - a statute requiring vehicle drivers to reveal capacity to spend for automobile-related losses. - balance sheet and earnings and loss declaration of an insurer.
- coverage protecting the insured versus the loss to real or individual property from damage triggered by the danger of fire or lightning, including company disruption, loss of rents, and so on - protection for property loss liability as the outcome of separate irresponsible acts and/or omissions of the guaranteed that permits a spreading fire to trigger physical injury or home damage of others.
- coverage safeguarding the guaranteed versus loss or damage to real or personal effects from flood. (Note: If protection for flood is used as an extra hazard on a residential or commercial property insurance coverage policy, submit it under the suitable home insurance coverage filing code.) - an insurance business selling policies in a state aside from the state in which they are incorporated or domiciled.