Reserve | Guide Goo

Insurance Glossary

Reserve A portion of the premium retained to pay future claims What is Reserve , What does mean Reserve , Insurance Guide, Insurance Glossary

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Company Code Insurance Glossary

Company Code a five digit identifying number assigned by NAIC, assigned to all insurance companies filing financial data with NAIC. What is Company Code , What... more
Reported Losses Insurance Glossary

Reported Losses Includes both expected payments for losses relating to insured events that have occurred and have been reported to the insurance company, but no... more
Federally Reinsured Crop Insurance Glossary

Federally Reinsured Crop crop insurance coverage that is either wholly or in part reinsured by the Federal Crop Insurance Corporation (FCIC) under the Standard... more
Flood Insurance Glossary

Flood coverage protecting the insured against loss or damage to real or personal property from flood. (Note: If coverage for flood is offered as an additional p... more
Multi Peril Insurance Insurance Glossary

Multi Peril Insurance personal and business property coverage combining several types of property insurance in one policy. What is Multi Peril Insurance, What... more
Personal Injury Protection Coverage/PIP Insurance Glossary

Personal Injury Protection Coverage/PIP automobile coverage available in states that have enacted no fault laws or other auto reparation reform laws for treatme... more
Mutual Insurance Holding Company Insurance Glossary

Mutual Insurance Holding Company a company organized as a mutual and owning a capital stock insurer or insurers for the benefit of pooling risk for many people,... more
Unallocated Loss Adjustment Expense (ULAE) Insurance Glossary

Unallocated Loss Adjustment Expense (ULAE) loss adjustment expenses that cannot be specifically tied to a claim. What is Unallocated Loss Adjustment Expense (... more
Gross Paid-in and Contributed Surplus Insurance Glossary

Gross Paid in and Contributed Surplus amount of capital received in excess of the par value of the stock issued. What is Gross Paid-in and Contributed Surplus,... more
Written Premium Insurance Glossary

Written Premium the contractually determined amount charged by the reporting entity to the policyholder for the effective period of the contract based on the ex... more
Medicare Supplement Insurance Glossary

Medicare Supplement Insurance coverage sold on an individual or group basis to help fill the "gaps" in the protections granted by the federal Medicare program.... more
Catastrophe Loss Insurance Glossary

Catastrophe Loss a large magnitude loss with little ability to forecast. What is Catastrophe Loss , What does mean Catastrophe Loss , Insurance Guide, Insuran... more
Security a share, participation Insurance Glossary

Security a share, participation, or other interest in property or in an enterprise of the issuer or an obligation of the issuer. What is Security a share, par... more
Total Revenue Insurance Glossary

Total Revenue premiums, revenue, investment income, and income from other sources. What is Total Revenue , What does mean Total Revenue , Insurance Guide, Ins... more
Combinations Insurance Glossary

Combinations a special form of package policy composed of personal automobile and homeowners insurance. What is Combinations , What does mean Combinations , I... more
Assessed Value Insurance Glossary

Assessed Value estimated value for real or personal property established by a taxing entity What is Assessed Value , What does mean Assessed Value , Insurance... more
Loss Adjustment Expense (LAE) Insurance Glossary

Loss Adjustment Expense (LAE) expected payments for costs to be incurred in connection with the adjustment and recording of losses. Can be classified into two b... more
Medicare Cost Insurance Glossary

Medicare Cost contract with Center for Medicare and Medicaid Services (CMS) for Medicare coverage. These contracts with CMS provide reimbursement through pre de... more
Moral Hazard Insurance Glossary

Moral Hazard personality characteristics that increase probability of losses. For example not taking proper care to protect insured property because the insured... more
Completed Operations Liability Insurance Glossary

Completed Operations Liability policies covering the liability of contractors, plumbers, electricians, repair shops, and similar firms to persons who have incur... more
Stop Loss/Excess Loss Insurance Glossary

Stop Loss/Excess Loss individual or group policies providing coverage to a health plan, a self insured employer plan, or a medical provider providing coverage t... more

1	Early warning system
2	Encumbrance
3	Credit Personal Property Insurance
4	Fraternal Insurance
5	Universal Life Insurance
6	Financial Guaranty
7	Mortgage
8	Flood
9	Mandated benefits
10	Employee Benefit Liability
11	Capital and Surplus

1	Whole Life Insurance life insurance
2	Workers' Compensation
3	Written Premium
4	Warranty coverage
5	Whole Life life insurance
6	Total Liabilities
7	Unpaid Losses
8	Structured Securities
9	Tenants
10	Underwriting
11	Statement Type
12	Superfund
13	Umbrella and Excess (Personal)
14	Viatical Settlements
15	Total Revenue