Factory Insurance Association (fia)
Association of stock property insurance companies, formed to provide engineering services for member companies. These companies generally insure highly protected risks (risks characterized by a high degree of care taken for safety and potential loss reduction).
Popular Insurance Terms
Policy not designed to pay the policyowner a dividend. ...
Attributes of a particular employee benefit plan. For example, a general characteristic of group life insurance is that the whole group is underwritten, not individual members. ...
Standard Commercial Property Floater form covering death or damage to livestock as the result of insured perils such as fire, lightning, explosion, smoke, wind, hail, aircraft, earth quake, ...
Special-purpose health insurance policy that covers an insured for accidents while traveling. The policy may cover the insured for one specific trip or one particular type of travel, or it ...
Payment to a state or municipality by an insurance company based on premiums paid by residents. ...
Amount of uncertainty in a given situation. Probability that actual experience will be different from what is expected. ...
Earned premium minus incurred losses plus loss adjustment expense plus other incurred underwriting expenses plus policy owner dividends. This income is generated from the insurance business ...
Sample in which the relative sizes of the subpopulation samples are selected in such a manner as to be equal to the relative sizes of the subpopulations. For example, when measuring the ...
Condition surrounding a work environment that increases the probability of death, disability, or illness to a worker. This class of hazard is considered when writing workers COMPENSATION ...
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