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- a professional designation granted by the American Institute of Home and Casualty Underwriters to persons in the property and liability insurance coverage field who pass a series of tests in insurance coverage, danger management, economics, finance, management, accounting, and law. Designates must also have at least 3 years experience in the insurance coverage organization or related field.


- costs expected to be sustained in connection with the change and recording of mishap and health, car 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 insurer during the policy term - an approach of figuring out rates for all applicants within a given set of attributes such as individual demographic and geographic place.


If the insured fails to preserve the amount specified in the provision (Generally at least 80%), the insured shares a greater proportion of the loss. In medical insurance coverage a percentage of each claim that the guaranteed will bear. - an agreement to get payments as the buyer of an Alternative, Cap or Floor and to pay as the seller of a different Choice, Cap or Floor.


Include under this kind of insurance multi-peril policies (besides farmowners, homeowners and vehicle policies) that consist of coverage for liability besides auto. - offers a broad plan of home and liability coverages for business ventures besides those provided insurance through an organization owners policy. - residential or commercial property insurance protection sold to business ventures.

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- policy assigning lender as recipient for insurance on a debtor thereby remitting balance of payment to creditor upon death of debtor. - insurance coverage composed in connection with a credit transaction where the collateral is not an automobile, mobile home or realty which covers hazards to the items purchased through a credit deal or utilized as collateral for a credit transaction and that concerns a lender's interest in the acquired items or promised collateral, either in whole or in part; or covers dangers to products bought in connection with an open-end transaction.


"Lender Placed House" suggests "Financial institution Placed Insurance coverage" on houses, mobile houses and other real estate. insurance jobs houston tx. "Financial Institution Placed Vehicle" suggests insurance on vehicles, boats or other cars. - part of the risk-based capital formula that attends to the collectability of a business's receivables and the risk of losing a supplier or intermediary that has actually gotten advance capitation payments.






- single interest or double interest credit insurance acquired unilaterally by the financial institution, who is the named insured, subsequent to the date of the credit deal, offering protection against loss to home that Check This Out would either impair a financial institution's interest or adversely impact the worth of collateral on houses, mobile houses, and other real estate.




- protection for crop damage due to hail, fire or lightning. - date when an insurance company issues a policy.

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- policies offering just dental treatment benefits such view as regular dental assessments, preventive oral work, and oral treatments needed to treat tooth decay and illness of the teeth and jaw. - line of business providing oral just protection; protection can be on a stand-alone basis or as a rider to a medical policy.


- loss whereby the near cause is comparable to the insured danger. - Damage to covered real or personal home triggered by a covered danger. - an insurer that sells policies to the insured through salaried representatives or special representatives just; reinsurance business that deal directly with ceding companies instead of using brokers.




- a refund of a part of the premium paid by the insured from insurance provider surplus. - an insurance business that is domiciled and certified in the state in which it sells insurance coverage. - insurance coverage that protects the financial institution's and the debtor's interest in the security protecting the debtor's credit transaction.


- the quantity at which a property (or liability) could be bought (or incurred) or offered (or settled) in a present transaction between ready parties, that is, other than in a required or liquidation sale. Quoted market prices in active markets are the finest evidence of reasonable vsp insurance value and shall be utilized as the basis for the measurement, if readily available.

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- crop insurance coverage that is either entirely or in part reinsured by the Federal Crop Insurance Coverage Corporation (FCIC) under the Standard Reinsurance Arrangement (SRA). insurance in houston. This consists of the following products: Numerous Danger Crop Insurance (MPCI); Catastrophic Insurance Coverage, Crop Income Protection (CRC); Income Protection and Profits Assurance. - costs incurred however not yet paid.


Statutory guidelines also govern how insurers need to establish reserves for invested properties and claims and the conditions under which they can claim credit for reinsurance ceded. - a statute needing drivers to reveal capacity to spend for automobile-related losses. - balance sheet and profit and loss declaration of an insurance provider.


- protection protecting the insured versus the loss to real or personal home from damage brought on by the danger of fire or lightning, consisting of service disturbance, loss of rents, and so on - protection for residential or commercial property loss liability as the outcome of separate irresponsible acts and/or omissions of the insured that enables a dispersing fire to cause bodily injury or home damage of others.


- coverage securing the guaranteed versus loss or damage to real or individual home from flood. (Note: If coverage for flood is provided as an extra peril on a property insurance coverage policy, file it under the suitable property insurance filing code.) - an insurer offering policies in a state other than the state in which they are incorporated or domiciled.