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Life insurance
Industry: Insurance
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Life insurance
Lapse ratio
Insurance; Life insurance
The ratio of the number of life insurance policies that lapsed within a given period to the number in force at the beginning of that period.
Least expensive alternative treatment
Insurance; Life insurance
The amount an insurance company will pay based on its determination of cost for a particular procedure.
Loss and loss-adjustment reserves to policyholder surplus ratio
Insurance; Life insurance
The higher the multiple of loss reserves to surplus, the more a company's solvency is dependent upon having and maintaining reserve adequacy.
Losses and loss-adjustment expenses
Insurance; Life insurance
This represents the total reserves for unpaid losses and loss-adjustment expenses, including reserves for any incurred but not reported losses, and supplemental reserves established by the company. ...
Licenced
Insurance; Life insurance
Indicates the company is incorporated (or chartered) in another state but is a licenced (admitted) insurer for this state to write specific lines of business for which it qualifies.
Licenced for reinsurance only
Insurance; Life insurance
Indicates the company is a licenced (admitted) insurer to write reinsurance on risks in this state.
Leverage or capitalization
Insurance; Life insurance
Measures the exposure of a company's surplus to various operating and financial practices. A highly leveraged, or poorly capitalized, company can show a high return on surplus, but might be exposed ...
