Definitions
Term Definition
Environmental Impairment Insurance
A form of insurance designed to cover losses...See Full Definition
Equity
In investments, the ownership interest of shareholders. In...See Full Definition
Equity Indexed Annuity
Nontraditional fixed annuity. The specified rate of interest...See Full Definition
Errors & Omissions Insurance - (E&O)
Commonly referred to as E&O, errors and omissions...See Full Definition
Escrow Account
Funds that a lender collects to pay monthly...See Full Definition
Excess of Loss Reinsurance
A contract between an insurer and a reinsurer,...See Full Definition
Exclusion
Situations that are not covered by your car...See Full Definition
Exclusive Remedy
Part of the social contract that forms the...See Full Definition
Expense Insurance Ratio
Percentage of each premium dollar that goes to...See Full Definition
Expiration Date
The date and time that your coverage ceases....See Full Definition
Exposure
Possibility of loss....See Full Definition
Extended Coverage
An endorsement added to an insurance policy, or...See Full Definition
Extended Non-Owner Liability
An endorsement or "rider" that extends liability coverage...See Full Definition
Extended Replacement Cost
Pays a certain amount above the policy limit...See Full Definition
Extended Term Option
One of several nonforfeiture options included in life...See Full Definition
