View Insurance Terms And Definitions Images. Some words and phrases may be defined differently by other. There is a multitude of different types of insurance policies available, and virtually any individual or business can find an insurance company willing to insure them—for a price.
Terminologies Used In Insurance And Their Meanings (Terms ... from ekinsurance.com To help you make informed decisions about your insurance coverage, take a look at some of the common insurance terms and definitions. The portion of the insurance contract which outlines the duties and responsibilities of both the insured and the insurance company. A contract to provide coverage or protection in exchange for a payment or premium. the insurance company would have insurance premium revenues and possibly a liability, unearned insurance premiums (if the premiums were paid in advance).
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Learn insurance industry words and phrases that can help you better understand the language used these definitions represent a common or general insurance and/or legal use of the term. Insurance definition, the act, system, or business of insuring property, life, one's person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a payment proportionate to the risk involved. There is a multitude of different types of insurance policies available, and virtually any individual or business can find an insurance company willing to insure them—for a price. New terms will be added to the glossary over time.
