Definitions
Term Definition
Occupational Disease
Abnormal condition or illness caused by factors associated...See Full Definition
Occurrence Policy
Insurance that pays claims arising out of incidents...See Full Definition
Ocean Marine Insurance
Coverage of all types of vessels and watercraft,...See Full Definition
Ohio Life & Health Insurance Guaranty Association
A state-authorized, non-profit corporation established to protect cash...See Full Definition
Open Insurance Competition
States where insurance companies can set new rates...See Full Definition
Operating Expenses
The cost of maintaining a business's property, includes...See Full Definition
Options
Contracts that allow, but do not obligate the...See Full Definition
Ordinance Coverage
Endorsement to a property policy, including homeowners, that...See Full Definition
Ordinary Life Insurance
A life insurance policy that remains in force...See Full Definition
Original Equipment Manufacturer Parts
Sheet metal auto parts made by the manufacturer...See Full Definition
Outlay
The amount you pay the insurance company for...See Full Definition
Over-The-Counter - (OTC)
Commonly referred to as OTC in the finance...See Full Definition
