Portable electronic calculator having numerous built-in financial analysis and margin calculators, mortgage amortization, present and future value, and numerous other business statistics and financial ratios....

Bona fide organization that purchases insurance on a group basis on behalf of members. However, a group cannot be formed for the purpose of purchasing insurance since adverse selection would take place. Group selling permits economies of scale to operate, so that the cost of insurance to a member is...

Model state law of the NAIC that requires that applicant be furnished a Buyer's Guide to Annuities and a contract summary. The Buyer's Guide must contain information concerning: the various kinds of annuity contracts available to fit the prospective annuitant's requirements; the characteristics of a...

Part of an ocean marine policy that provides coverage of goods through all of the stages of a journey. Coverage begins when goods leave the warehouse of a shipper, and continues until they reach the customer's warehouse....