Definitions
Term Definition
B-Class Variable Annuity
A form of variable annuity contract with no...See Full Definition
Balance Sheet
Provides a snapshot of a company's financial condition...See Full Definition
Bank Holding Company
A company that owns or controls one or...See Full Definition
Basic Limits
The minimum amount of liability limits that can...See Full Definition
Basic Limits of Liability
This refers to the minimum amount of coverage...See Full Definition
Basis Point
0.01 percent of the yield of a mortgage,...See Full Definition
Beneficiary
The person or legal entity the owner of...See Full Definition
Binder
This gives you temporary insurance coverage until your...See Full Definition
Blanket Policy
Coverage for more than one type of property...See Full Definition
Bodily Injury
Means physical injuries or death suffered by a...See Full Definition
Bodily Injury Liability
This policy provision covers the bodily injuries or...See Full Definition
Boiler & Machinery Insurance
Often called Equipment Breakdown, or Systems Breakdown insurance....See Full Definition
Bond
A security that obligates the issuer to pay...See Full Definition
Bond Rating
An evaluation of a bond's financial strength, conducted...See Full Definition
Burglary and Theft Insurance
Insurance for the loss of property due to...See Full Definition
