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Insurance policy
Insurance policyThe document which specifies the details and conditions of cover of an insurance contract together with the premium payable. RELATED TERMS-------------------------------------- Cover The amount above UNITY of a debt service ratio. Insurance A contract in which payment of premiums covers the insured against something which may, or may not occur. Contract A term of reference describing a unit of trading for a financial or commodity future. Also, the actual bilateral agreement between the buyer and seller of a transaction as defined by an exchange. Premium The money paid by the insured to the insurer in return for insurance cover or benefits payable; the positive difference between the current price of a security and its par value. SIMILAR TERMS-------------------------------------- INSULATORS LOCAL 21 Credit Union INSULATORS LOCAL 21 is a credit union with head office in DALLAS, TX Insurable interest A term which means that any person entering into an insurance contract must stand to lose financially following the loss or damage of an insured item, or an insured event. Insurance A contract in which payment of premiums covers the insured against something which may, or may not occur. Insurance agent Person who sells insurance policies, for a single insurance company, in return for a commission. Insurance Australia Group Insurance Australia Group is a top Australian corporation in the field of insurance, and its estimated market value is 8,080 million US dollars. INSURANCE Australia Group Limited INSURANCE Australia Group Limited is a large Australian company in the field of Insurance. Their Australian Stock Exchange (ASX) code is IAG. Insurance broker A professional broker who deals in the insurance industry. Insurance carrier broker agent A professional broker who deals in the insurance carrier sector. Insurance claim A claim for reimbursement from the insurance company when the insured has suffered a loss that is covered under an insurance policy. Insurance Corporation of Barbados Insurance Corporation of Barbados is a major insurance company in Barbados. Insurance dividend Money paid annually to policy holders participating in cash value life insurance policies. Insurance premium The amount payable by the insured in return for indemnification against specified risks. Insurance principle The law of averages. Insurance 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. Insurance settlement The payment of proceeds by an insurance company to the insured to settle an insurance claim within the guidelines stipulated in the insurance policy. Insured A person or company acquiring insurance. Insured account A bank or financial account that is insured for the benefit of the depositor, protecting against loss in the event that the savings institution becomes insolvent. Insured bond A municipal bond backed both by the credit of the municipal issuer and by commercial insurance policies. Insured plans Defined benefit pension plans that are guaranteed by life insurance products. Insured trade acceptance A trade acceptance where the buyer's ability to pay is insured. Insurer An authorized company which provides insurance. PREVIOUS AND NEXT TERMS-------------------------------------- Insurable interest A term which means that any person entering into an insurance contract must stand to lose financially following the loss or damage of an insured item, or an insured event. Insurance A contract in which payment of premiums covers the insured against something which may, or may not occur. Insurance agent Person who sells insurance policies, for a single insurance company, in return for a commission. Insurance claim A claim for reimbursement from the insurance company when the insured has suffered a loss that is covered under an insurance policy. Insurance dividend Money paid annually to policy holders participating in cash value life insurance policies. Insurance policy Insurance premium The amount payable by the insured in return for indemnification against specified risks. Insurance principle The law of averages. Insurance 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. Insurance settlement The payment of proceeds by an insurance company to the insured to settle an insurance claim within the guidelines stipulated in the insurance policy. Insured A person or company acquiring insurance. We thank you for using the Financial Dictionary to search for Insurance policy. If you have a better definition for Insurance policy than the one presented here, please let us know by making use of the suggest a term option. This definition of Insurance policy may be disputed by other professionals. Our attempt is to provide easy definitions on Insurance policy and any other medical topic for the public at large.
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