Social Insurance

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Social Insurance compulsory insurance plan administered by a federal or state government agency with the primary emphasis on social adequacy. What is Social Insurance , What does mean Social Insurance , Insurance Guide, Insurance Glossary

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  • Owner Occupied Insurance Glossary
    Owner Occupied homeowners insurance sold to owners occupying the described property. What is Owner Occupied , What does mean Owner Occupied , Insurance Guide,... more
  • Incurred Claims Insurance Glossary
    Incurred Claims paid claims plus amounts held in reserve for those that have been incurred but not yet paid. What is Incurred Claims , What does mean Incurred... more
  • Risk Retention Group Insurance Glossary
    Risk Retention Group group owned insurer organized for the purpose of assuming and spreading the liability risks to its members. What is Risk Retention Group ,... more
  • Foreign Insurer Insurance Glossary
    Foreign Insurer an insurance company selling policies in a state other than the state in which they are incorporated or domiciled. What is Foreign Insurer , W... more
  • ALAE Insurance Glossary
    ALAE an estimate of the claims settlement associated with a particular claim or claims. What is ALAE , What does mean ALAE , Insurance Guide, Insurance Glossa...
  • Credit Health Insurance Insurance Glossary
    Credit Health Insurance policy assigning creditor as beneficiary for insurance on a debtor thereby remitting balance of payment to creditor should the debtor be... more
  • Mandated benefits Insurance Glossary
    Mandated benefits insurance required by state or federal law. What is Mandated benefits , What does mean Mandated benefits , Insurance Guide, Insurance Glossa...
  • Agent Insurance Glossary
    Agent an individual who sells, services, or negotiates insurance policies either on behalf of a company or independently. What is Agent , What does mean Agent... more
  • Direct Incurred Loss Insurance Glossary
    Direct Incurred Loss loss whereby the proximate cause is equivalent to the insured peril. What is Direct Incurred Loss , What does mean Direct Incurred Loss ,... more
  • Fronting Insurance Glossary
    Fronting an arrangement in which a primary insurer acts as the insurer of record by issuing a policy, but then passes the entire risk to a reinsurer in exchange... more
  • Direct Loss Insurance Glossary
    Direct Loss Damage to covered real or personal property caused by a covered peril. What is Direct Loss , What does mean Direct Loss , Insurance Guide, Insuran... more
  • Incurred Losses Insurance Glossary
    Incurred Losses sustained losses, paid or not, during a specified time period. Incurred losses are typically found by combining losses paid during the period pl... more
  • Commercial General Liability Insurance Glossary
    Commercial General Liability flexible... more
  • Malpractice alleged misconduct Insurance Glossary
    Malpractice alleged misconduct or negligence in a professional act resulting in loss or injury. What is Malpractice alleged misconduct, What does mean Malprac... more
  • Blanket coverage Insurance Glossary
    Blanket coverage coverage for property and liability that extends to more than one location, class of property or employee. What is Blanket coverage , What do... more
  • Workers' Compensation Insurance Glossary
    Workers' Compensation insurance that covers an employer's liability for injuries, disability or death to persons in their employment, without regard to fault, a... more
  • Health Insurance Insurance Glossary
    Health Insurance a generic term applying to all types of insurance indemnifying or reimbursing for losses caused by bodily injury or illness including related m... more
  • Commencement Date Insurance Glossary
    Commencement Date date when the organization first became obligated for any insurance risk via the issuance of policies and/or entering into a reinsurance agree... more
  • Replacement Cost Insurance Glossary
    Replacement Cost the cost of replacing property without a reduction for depreciation due to normal wear and tear. What is Replacement Cost , What does mean Re... more
  • Direct Writer Insurance Glossary
    Direct Writer an insurance company that sells policies to the insured through salaried representatives or exclusive agents only; reinsurance companies that deal... more
  • Producer Insurance Glossary
    Producer an individual who sells, services, or negotiates insurance policies either on behalf of a company or independently. What is Producer , What does mean... more