Insurance
121insurance company — A company engaged in the business of making contracts by which it agrees to indemnify the other parties thereto from a loss or damage which they may suffer from a specified peril. Strictly construed, an insurance company regularly incorporated… …
122insurance reserve — Reserve Re*serve , n. [F. r[ e]serve.] 1. The act of reserving, or keeping back; reservation. [1913 Webster] However any one may concur in the general scheme, it is still with certain reserves and deviations. Addison. [1913 Webster] 2. That which …
123Insurance bond — An insurance bond (or investment bond) is a single premium life assurance policy for the purposes of investment. Due to tax laws they are a common form of investment in the UK and some offshore centres.Traditionally insurance bonds were with… …
124Insurance Fraud — An illegal act on the part of either the buyer or seller of an insurance contract. Insurance fraud from the issuer (seller) includes selling policies from non existent companies, failing to submit premiums and churning policies to create more… …
125Insurance Regulatory Information System — The Insurance Regulatory Information System (IRIS) is a database of Insurance companies in the United States run by the National Association of Insurance Commissioners. IRIS is designed to provide information about insurers financial solvency.… …
126Insurance Industry ETF — A sector following fund that invests primarily in insurance companies, so as to obtain investment results that closely track an underlying index of insurers. An insurance ETF invests in all types of insurers, including property and casualty… …
127Insurance Score — A rating computed and used by insurance companies that represents the probability of a client filing an insurance claim during his or her coverage. The score is based on the client s credit rating and will impact the premiums he or she pays for… …
128insurance policy — noun written contract or certificate of insurance you should have read the small print on your policy • Syn: ↑policy, ↑insurance • Hypernyms: ↑contract • Hyponyms: ↑floater, ↑ …
