Old Line Legal Reserve Company

Definition of "Old line legal reserve company"

Deborah Randazzo real estate agent

Written by

Deborah Randazzoelite badge icon

RE/MAX Palm Realty

Commercial life insurers that operate on the legal reserve system as opposed to fraternal life insurance companies, many of which now operate on a legal reserve basis.

Comments for Old Line Legal Reserve Company

Virginia Clements Virginia Clements said:

Wondering if you handle the Union LIfe Insurance Company owners of life insurance?

Jun 06, 2018  23:19:20

 
Real Estate Agent

Hey Virginia!
Unfortunately, no. Although we do talk a lot about insurance, because it matters (a lot!) to real estate owners, we only connect homeowners to real estate agents, not insurance companies. But maybe try to find a local real estate agent on our real estate agents directory; they might have good insights to your problem and connect you with the right people. Good luck!

Jun 08, 2018  10:23:36
 
 
image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Insurance Terms

Call on a prospective insurance buyer without a prior appointment. Many salespeople find this exercise the most threatening in their career development. Some observers attribute the ...

Individual or other entity who owns an insurance policy. Synonymous with policyowner. ...

Same as term Calendar Year Experience: paid loss experience for the period of time from January 1 to December 31 of a specified year (not necessarily the current year). ...

To transfer a risk from an insurance company to a reinsurance company. ...

Salesperson who markets and services insurance policies in the state in which he or she is domiciled. ...

Individual who has a contractual agreement with a policyowner. The agent of record has a legal right to commissions from the insurance policy. ...

Trade group of independent claims adjusters who settle claims for insurance companies on a fee basis. Some insurers use their own staff adjusters to settle a claim. Others use an ...

Phrase describing a form of joint tenancy ownership where property passes to the survivors when one party dies. ...

Rule that provides four requirements for monitoring the independent agent distribution system: The insurance company must be involved in the training of the independent agent. The ...

Popular Insurance Questions