Final Insurance (minimum Deposit Insurance)
Definition of "Final insurance (minimum deposit insurance)"
Premiums paid out of funds borrowed from the cash value of a life insurance policy.
Popular Insurance Terms
Over a long period of time, the average loss an individual, individuals, or an organization can expect to incur from a particular exposure. ...
Use of new rate structures by an insurance company without first obtaining approval of a State Insurance Department. ...
Treaty adopted by most major countries to determine adjustment for general average in ocean marine insurance. ...
Type of proportional reinsurance under which the ceding company (primary insurer) cedes a portion of the face amount of the life insurance policy it has underwritten to its reinsurer. The ...
Rate not subsequently adjusted. The rate stays in effect regardless of an insured's subsequent loss record. ...
Retirement plan in which income payments continue until the death of the first of two or more annuitants. This type of annuity is not appropriate for a husband and wife since at the death ...
Combination of property insurance on the hull of an airplane and liability insurance in the following manner: property coverage provided on an ALL RISKS basis or on a specified perils ...
Describing automobile accidents that are considered to be the results of the negligent acts of the insured driver and are included in the driving record of that insured. ...
property insurer that distributes its products through a direct selling system. Traditionally, insurers often were known as direct writers if they used either a direct selling system or an ...
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