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/ Insurance Jargon Definition - Understanding Health Insurance Jargon | LDI : I the act of providing compensation for a loss with the intent to restore an individual or entity to the approximate financial position prior to the loss.
Insurance Jargon Definition - Understanding Health Insurance Jargon | LDI : I the act of providing compensation for a loss with the intent to restore an individual or entity to the approximate financial position prior to the loss.
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Title insurance provides coverage for losses that occur when a land title is not free and clear of defects (e.g.
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Definition insurance — a contractual relationship that exists when one party (the insurer) for a consideration (the premium) agrees to reimburse another party (the insured) for loss to a specified subject (the risk) caused by designated contingencies (hazards or perils).
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No insurance website could be complete without offering and index of insurance terms and definitions. Insurer the insurance company that provides insurance coverage and services. Insurance terms used in the area of residential title insurance. Definition insurance — a contractual relationship that exists when one party (the insurer) for a consideration (the premium) agrees to reimburse another party (the insured) for loss to a specified subject (the risk) caused by designated contingencies (hazards or perils). The cost of repairing or replacing damaged property with property of the same kind and quality, less depreciation (i.e., in the same physical condition as the original property prior to damage).
Business insurance terms and definitions from taywatershed.org Discover life insurance definitions, simplified. An insurer authorized by the state insurance department to sell insurance within the state. Insurance terms, definitions and explanations are intended for informational purposes only and do not in any way replace or modify the definitions and information contained in individual insurance contracts, policies or declaration pages, which are controlling. Below you'll find definitions of some of the most common terms used when dealing with auto insurance. This is the insurance company responsible for processing the claim after the primary insurance determines what it will pay. If a life insurance policy includes an accidental death benefit, the cause of death will be examined to determine whether the insured's death meets the policy´s definition of accidental. The definitions in this glossary are developed by the naic research and actuarial department staff based on various insurance references. Accelerated death benefits a life insurance policy option that provides policy proceeds to insured individuals over.
Insurance terms & definitions (page 2 of6) under an auto policy, protection ir the insured against bodily injury or property damage (in some states) caused by the negligence of an uninsured or underinsured motorist.
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