Definitions
Term Definition
Ransom Insurance
Coverage up to specific limits for the cost...See Full Definition
Rate Regulation
The process by which states monitor insurance companies'...See Full Definition
Rated Insurance Policy
An insurance policy that is classified as having...See Full Definition
Rating Agencies
Six major credit agencies determine insurers' financial strength...See Full Definition
Rating Bureau
The insurance business is based on the spread...See Full Definition
Real Estate Investments
Investments generally owned by life insurers that include...See Full Definition
Receivables
Amounts owed to a business for goods or...See Full Definition
Reciprocal Exchange
Unincorporated association organized to write insurance for its...See Full Definition
Redlining
Literally means to draw a red line on...See Full Definition
Reduced Paid-Up Insurance Option
One of several nonforfeiture options included in life...See Full Definition
Registered Principal
An officer or manager of a National Association...See Full Definition
Registered Representative
A sales representative or other person who has...See Full Definition
Reinstatement Period
Restoration of a policy that has lapsed due...See Full Definition
Reinstatement Process
The process by which an insurer puts back...See Full Definition
Reinsurance
Insurance bought by insurers. A reinsurer assumes part...See Full Definition
