Monday, April 27, 2009

Insurance terms

A

* Actual cash value
* Adverse selection
* Alternative Risk Transfer
* Annual premium equivalent

B

* Beneficiary
* Builder's risk insurance
* Buy term and invest the difference

C

* Cash surrender value
* Cash value
* Certified Insurance Counselor
* Coinsurance


C cont.

* Contingent commissions
* Copayment
* Credit insurance

D

* Death spiral (insurance)
* Deductible
* Double indemnity
* Dual trigger insurance

E

* Earned premium

G

* Gross premiums written

I

* Indemnity
* Insurable risk
* Insurance bad faith


L

* Loss reserving

N

* New business strain

P

* PVNBP
* Participating policy
* Probable maximum loss

R

* Recoupment
* Replacement value

S

* Segregated fund
* Systemic risk

T

* Totaled

U

* Unit Linked Insurance Plan

W

* With-profits policy

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