Definitions
Term Definition
Admitted Company
An insurance company licensed and authorized to do...See Full Definition
Adverse Selection
The tendency of those exposed to a higher...See Full Definition
Affinity Sales
Selling insurance through groups such as professional and...See Full Definition
Agency Companies
Companies that market and sell products via independent...See Full Definition
Agent
Insurance is sold by two types of agents:...See Full Definition
Aleatory Contract
A contract in which one party provides something...See Full Definition
Alien Insurance Carrier
An insurance company incorporated under the laws of...See Full Definition
Allied Lines
Property insurance that is usually bought in conjunction...See Full Definition
Alternative Dispute Resolution
An alternative to going to court to settle...See Full Definition
Alternative Markets
Nontraditional mechanisms used to finance risk. This includes...See Full Definition
Annual Statement
Summary of an insurer's or reinsurer's financial operations...See Full Definition
Annuitant
The person who receives the income from an...See Full Definition
Annuitization
The conversion of the account balance of a...See Full Definition
Annuity
A life insurance product that pays periodic income...See Full Definition
Annuity Accumulation Period
The period during which the owner of a...See Full Definition
