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Life insurance
Industry: Insurance
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Life insurance
Direct premiums written
Insurance; Life insurance
The aggregate amount of recorded originated premiums, other than reinsurance, written during the year, whether collected or not, at the close of the year, plus retrospective audit premium ...
Direct writer
Insurance; Life insurance
An insurer whose distribution mechanism is either the direct selling system or the exclusive agency system.
Expense ratio
Insurance; Life insurance
The ratio of underwriting expenses (including commissions) to net premiums written. This ratio measures the company's operational efficiency in underwriting its book of business.
Exposure
Insurance; Life insurance
Measure of vulnerability to loss, usually expressed in dollars or units.
Extended replacement cost
Insurance; Life insurance
This option extends replacement cost loss settlement to personal property and to outdoor antennas, carpeting, domestic appliances, cloth awnings, and outdoor equipment, subject to limitations on ...
File-and-use rating laws
Insurance; Life insurance
State-based laws which permit insurers to adopt new rates without the prior approval of the insurance department. Usually insurers submit their new rates with supporting statistical data.
Common carrier
Insurance; Life insurance
A business or agency that is available to the public for transportation of persons, goods or messages. Common carriers include trucking companies, bus lines and airlines.