Safety Of Assets
Definition of "Safety of assets"
Quality of investments of insurance companies. State insurance regulators establish rules for company investments. Authorized investments vary, depending on whether a company is a life insurer or property casualty company and, in some instances, on whether it is a mutual or stock company. Investments must meet standards for asset type, credit quality, and diversification. Generally, insurance company assets are limited to government securities, bonds, stocks, mortgages, and certain real estate holdings.
Popular Insurance Terms
Failure to act with the legally required degree of care for others, resulting in harm to them. ...
When people think of home insurance policies, they usually only think about the obvious coverage of its house structure. But that, known as Dwelling Insurance, is only one of the coverage ...
Federal agency that researches injury and illness arising from workplace hazards and recommends standards for maximum exposures to hazardous substances. ...
Coverage for risks deemed uninsurable at standard rates by normal standards (persons whose medical histories include serious illness such as heart disease or whose physical conditions are ...
Document used to sign up employees for plans such as salary savings, life insurance, or other employee benefits. ...
Period of time during which notice of claim and proof of loss must be submitted by the insured or his or her legal representatives. ...
Plan that combines the simplicity and flexibility of the traditional profit-sharing plan with the best features of the defined benefit plan and the target benefit plan. By age-weighing the ...
Change in years of service credited to employee in calculating pension benefits and other employee benefits. ...
Termination of premium payments by an employer on behalf of an employee to an employee benefit plan. ...
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