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- a professional classification awarded by the American Institute of Property and Casualty Underwriters to persons in the home and liability insurance coverage field who pass a series of exams in insurance coverage, danger management, economics, financing, management, accounting, and law. Designates need to also have at least 3 years experience in the insurance business or associated field.


- costs expected to be incurred in connection with the modification and recording of mishap and health, automobile medical and employees' settlement claims. - A type of liability insurance form that just pays if the both event that triggers (triggers)the claim and the real claim are sent to the insurance business throughout the policy term - an approach of figuring out rates for all applicants within a given set of characteristics such as personal demographic and geographical location.


If the insured stops working to keep the amount specified in the stipulation (Normally a minimum of 80%), the insured shares a higher percentage of the loss. In medical insurance a percentage of each claim that the guaranteed will bear. - an agreement to receive payments as the purchaser of an Option, Cap or Floor and to pay as the seller of a different Choice, Cap or Flooring.




Consist of under this kind of insurance multi-peril policies (besides farmowners, house owners and automobile policies) that consist of protection for liability other than automobile. - supplies a broad package of residential or commercial property and liability protections for commercial ventures aside from those supplied insurance through a company owner policy. - home insurance coverage sold to commercial endeavors.

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- policy appointing financial institution as beneficiary for insurance on a debtor consequently remitting balance of payment to lender upon death of debtor. - insurance coverage composed in connection with a credit deal where the collateral is not a motor lorry, mobile home or property which covers perils to the items bought through a credit transaction or utilized as security for a credit transaction which issues a creditor's interest in the acquired products or vowed collateral, either in entire or in part; or covers perils to items bought in connection with an open-end deal.


"Lender Placed House" implies "Financial institution Placed Insurance" on houses, mobile homes and other property. "Creditor Placed Car" means insurance on autos, boats or other lorries. - part of the risk-based capital formula that attends to the collectability of a business's receivables and the danger of losing a company or intermediary that has gotten advance capitation payments.




- single interest or double interest credit insurance coverage bought unilaterally by the financial institution, who is the named insured, subsequent to the date of the credit transaction, supplying protection versus loss to residential or commercial property that would either impair a lender's interest or negatively impact the worth of security on houses, mobile houses, and other property.


- protection for crop damage due to hail, fire or lightning. - date when an insurance coverage business releases a policy.

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- policies providing just dental treatment benefits such as routine oral evaluations, preventive dental work, and oral procedures required to deal with tooth decay and diseases of the teeth and jaw. - line of organization offering dental just coverage; coverage can be on a informative post stand-alone basis or as a rider to a medical policy.


- loss whereby the near cause is equivalent to the insured peril. - Damage to covered genuine or personal effects brought on by a covered peril. hr consultants austin. - an insurance business that sells policies to the guaranteed through salaried agents or exclusive representatives only; reinsurance business that deal directly with delivering business instead of utilizing brokers.


- a refund of a part of the premium paid by the insured from insurance company surplus. - an insurance business that is domiciled and licensed in the state in which it sells insurance. - insurance coverage that protects the lender's and the debtor's interest in the security securing the debtor's credit deal.


- the quantity at which an asset (or liability) could be purchased (or sustained) or offered (or settled) in an existing deal between willing parties, that is, other than in a forced or liquidation sale. Estimated market value in active markets are the very best proof of reasonable value and shall be used as the basis for the measurement, if available.

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- crop insurance coverage that is either wholly or in part reinsured by the Federal Crop Insurance Coverage Corporation (FCIC) under the Standard Reinsurance Arrangement (SRA). This includes the following products: Several Peril Crop Insurance Coverage (MPCI); Catastrophic Insurance, Crop Revenue Protection (CRC); Income Defense and Income Guarantee. - charges sustained but not yet paid. higginbotham austin.


Statutory rules likewise govern how insurance providers must develop reserves for invested properties and claims and the conditions under which they can claim credit for reinsurance delivered. - a statute needing drivers to reveal capacity to pay for automobile-related losses. - balance sheet and earnings and loss statement more helpful hints of an insurance coverage company.




- coverage safeguarding the guaranteed against the loss to real or personal effects from damage triggered by the hazard of fire or lightning, including company interruption, loss of leas, helpful resources etc - coverage for home loss liability as the result of separate irresponsible acts and/or omissions of the guaranteed that permits a dispersing fire to cause bodily injury or residential or commercial property damage of others.


- coverage protecting the insured against loss or damage to real or individual home from flood. (Note: If coverage for flood is used as an extra hazard on a residential or commercial property insurance coverage policy, submit it under the relevant property insurance coverage filing code.) - an insurer selling policies in a state besides the state in which they are integrated or domiciled.