American Insurance Association (aia)
Definition of "American insurance association (aia)"
Membership organization of property and liability insurance companies. The association promotes the economic, legislative, and public standing of its members through its attention to accounting procedures, catastrophe and pollution problems, auto insurance reform, and other activities. Located in New York City, New York.
Popular Insurance Terms
Condition in which an applicant has met an insurance company's standards. Requirements include a loss that is definable; fortuitous; one of a large number of homogeneous exposures; and ...
a contract in life insurance that includes elements of whole life and term insurance. in pensions, a combined life insurance policy and a side (auxiliary) fund to enhance the amount of a ...
Authority to act on behalf of an individual that terminates upon its revocation or death of that individual. ...
Provision in automobile insurance, such as the personal automobile policy (pap), stating that a particular policy furnishes adequate coverage, the minimum of which is at least equal to that ...
Professional designation earned after the successful completion of six national examinations given by the insurance institute of America (IIA). Covers such areas of expertise as premium ...
Underwriting method used in classifying applicants for life insurance according to certain demographic factors and assigning weights to these factors. Factors include physical condition, ...
Type of excess of loss reinsurance in which the insurance company (cedent) is reinsured in the event there is a casualty loss resulting in at least two insureds generating losses from the ...
Insurance with two types of policies available: depositors forgery insurance; forgery and alteration. ...
Insurance coverage that protects a company's and/or individual's assets against financial loss resulting from acts of confiscation, expropriation, or nationalization by a foreign ...
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