Live Animal Insurance
Definition of "Live animal insurance"
Coverage under the Commercial Property Floater for loss under two forms: livestock mortality life insurance and livestock floater. This is really life insurance coverage for livestock.
Popular Insurance Terms
Dollar ceiling on a life insurance policy for applicants who are not given a medical examination. The insurer accepts a health questionnaire in the place of a physical examination. At one ...
Flat dollar amount added to arrive (premium rate per $1000 of face amount x face amount) at the premium. ...
Organization formed to encourage research in insurance and to foster an exchange of ideas and research methodology among the society members. ...
Principle that no liability exposure can result from the performance of proprietary functions. ...
Organization having as its objective the education of the general public concerning items of national concern of member property and casualty insurance companies. ...
Any fee imposed on insurance companies by a state. Insurers pay special taxes, including premium taxes and franchise taxes. In addition, various states have their own special charges to ...
Vehicle for the deferring of unneeded current income for a later date, such as retirement, providing the following benefits: There is no tax on earnings of the plan until distributed; ...
Liability of an insurance company for future claims that it expects to pay and for which a reserve has been established. ...
Management of investment risks associated with business risk, interest rate risk, political risk, and purchasing power risk. Usually fixed income financial instruments, such as fixed dollar ...
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