Download Terminology Used In Insurance Pics. It pays the lender a specified amount if the borrower dies before full repayment of the loan. That's why we're translating it, so it's easy for anyone to understand.
The terms listed below introduce our members to basic insurance terminology used throughout the industry. We all procrastinate, and in insurance terms, that procrastination is called a reporting lag. Ppo stands for preferred provider organization.
insurance companies can define the term accidental injury in the context of the term 'accident'.
The proposer undertakes to pay the premium of the life insurance policy. Back to terminologies used in insurance and their meanings index. insurance companies can define the term accidental injury in the context of the term 'accident'. A written document stating that insurance is in effect.