Definitions
Term Definition
Safe Driver Plan
This is a rating system that will assign...See Full Definition
Salvage
Damaged property an insurer takes over to reduce...See Full Definition
Scheduled Annuity Date
The date on which an insurer begins or...See Full Definition
Secondary Driver
A driver other than the primary driver who...See Full Definition
Secondary Market
Market for previously issued and outstanding securities....See Full Definition
Section 1035 Exchange
In the United States, a taxfree replacement of...See Full Definition
Section 415
A section of the Internal Revenue Code that...See Full Definition
Securities and Exchange Commission - (SEC)
The organization that oversees publicly-held insurance companies. Those...See Full Definition
Securities Outstanding
Outstanding stock held by shareholders, not by the...See Full Definition
Securitization of Insurance Risk
Using the capital markets to expand and diversify...See Full Definition
Segregated Account
In Canada, an investment account that insurers maintain...See Full Definition
Self-Insurance
The concept of assuming a financial risk oneself,...See Full Definition
Separate Insurance Account
An investment account maintained separately from an insurer's...See Full Definition
Settlement Option
How a beneficiary receives payment of the death...See Full Definition
Settlement Options
Choices given to the owner or beneficiary of...See Full Definition
