20 Terms
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Life insurance
Industry: Insurance
Add a new termContributors in Life insurance
Life insurance
Member month
Insurance; Life insurance
Total number of health plan participants who are members for each month.
Net premiums earned
Insurance; Life insurance
The adjustment of net premiums written for the increase or decrease of the company's liability for unearned premiums during the year. When an insurance company's business increases from year to year, ...
Preferred provider organisation
Insurance; Life insurance
Network of medical providers who charge on a fee-for-service basis, but are paid on a negotiated, discounted fee schedule.
Net liabilities to policyholder surplus
Insurance; Life insurance
Net liabilities expressed as a ratio to policyholder surplus. Net liabilities equal total liabilities less conditional reserves, plus encumbrances on real estate, less the smaller of receivables from ...
Net premium
Insurance; Life insurance
The amount of premium minus the agent's commission. Also, the premium necessary to cover only anticipated losses, before loading to cover other expenses.
Preferred auto
Insurance; Life insurance
Auto coverage for drivers who have never had an accident and operates vehicles according to law. Drivers are not a risk for any insurance company that writes auto insurance, and no insurance company ...
Personal lines
Insurance; Life insurance
Insurance for individuals and families, such as private-passenger auto and homeowners insurance.
