Life insurance regulations – a contract or arrangement in which a policyholder agrees to sell or transfer ownership of a life insurance policy, in whole or in part, to a third party in order to receive compensation less than the death benefit provided for in a policy. Annuities – Non-immediate variable – a pension contract that provides for the fixed payment of the annuity at the end of the first payment interval after purchase. The interval may vary, but pension payments must begin within 13 months. Co-ownership/personal liability – a special form of flat-rate policy consisting of an apartment fire and/or related lines and personal liability insurance. Major Medical – a hospital/surgical/medical cost contract that provides comprehensive services in the sense of the state in which the contract is delivered. For the vast majority of insurance policies, the only page that is highly tailored to the insured`s needs is the declaration page. All other pages are standard forms which, if necessary, refer to terms defined in the declarations. However, some types of insurance, such as insurance. B media insurance, are written in the form of handwritten fonts that are either created from scratch or written from a mixture of standard and non-standard forms. [37] [38] Therefore, insurance endorsements that are not written on standard forms or whose language is adapted to the particular situation of the insured are called handwritten notes. Commercial flooding – separate flood insurance that is sold to commercial companies. Reserve credit – Reduction of minimum reserve amounts for allocated reinsurance. Discounts may include the loss reserve and/or unearned premiums.
Allied Lines – usually covers taken out with property insurance, e.B. glass, tornado, storm and hail; sprinklers and water damage; explosion, agitation and agitation; cultivation of crops; flooding; rain; and damage caused by aircraft and vehicles, etc. Group pensions – Deferred variable – a pension contract that provides an accumulation-based fund that varies depending on the performance of the underlying investment portfolio selected by the policyholder. Must contain at least one option to ensure that the stacking varies according to the return of the underlying investment portfolio chosen by the policyholder, and may contain at least one option so that the series of payments varies according to the return chosen by the policyholder on the underlying investment portfolio. This pension contract provides for the initiation of payments at a certain future date. Recorded premiums – Total premiums generated by all policies (contracts) taken out by an insurer within a certain period of time. Accidental Death and Dismemberment – an insurance policy that pays a fixed benefit in the event of death and/or dismemberment caused by an accident or certain types of accidents. Industrial life insurance – Industrial life insurance, also known as “debit” insurance, is an insurance policy where premiums are paid monthly or more frequently, the nominal amount of the policy does not exceed a specified amount, and the words “industrial policy” are printed in prominently displayed characters on the front of the policy. Term life insurance – life insurance that is payable only if the insured person dies within a certain period of time, e.B. 5 or 10 years, or before a certain age. Retention – an internal allocation mechanism for loss exposure used in place of or in addition to the transfer of risk to an insurance company. Group pensions – Non-variable and variable deferred – a repurchase agreement that provides for the accumulation on the basis of (1) funds accumulated on the basis of a guaranteed credit interest rate or an additional interest rate applied to certain considerations, and (2) funds whose accumulation varies according to the return chosen by the policyholder of the underlying investment portfolio.
The contract provides for the initiation of payments at a certain later date. Financial Guarantee – a guarantee, insurance policy or indemnification contract (if issued by an insurer) or similar types of guarantee where the loss is incurred after proof of the occurrence of financial damage to an insured claimant, creditor or claimant due to the non-performance of a financial obligation or other eligible product defined or designated as financial security insurance pay is.. .
