Definitions
Term Definition
Sewer Back-Up Coverage
An optional part of a homeowners insurance policy...See Full Definition
Share Volume
Number of shares a stock trades either per...See Full Definition
Short Rate Cancellation
This term refers to the non-prorated portion of...See Full Definition
Short-Term Disability Insurance
A type of disability income coverage that provides...See Full Definition
Single Premium Annuity
An annuity that is paid in full upon...See Full Definition
Single Premium Policy
A type of life insurance or annuity contract...See Full Definition
Soft Insurance Market
An environment where insurance is plentiful and sold...See Full Definition
Specified Disease Coverage
A type of health insurance coverage that provides...See Full Definition
Spend Thrift Trust Clause
Life insurance provision that protects policy payouts from...See Full Definition
Split Limit
This term refers to a set of three...See Full Definition
Split-Dollar Insurance Plan
An agreement under which a business provides individual...See Full Definition
Spread of Risk
The selling of insurance in multiple areas to...See Full Definition
SR-22
This is a form your insurance company may...See Full Definition
Stacking
Applies to underinsured motorist / uninsured motorist coverage,...See Full Definition
State Minimum
Each state has minimum requirements on the insurance...See Full Definition
