Life insurance

Life insurance

Industry: Insurance

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Life insurance

Approved for reinsurance

Insurance; Life insurance

Indicates the company is approved (or authorized) to write reinsurance on risks in this state. A licence to write reinsurance might not be required in these states.

Approved or not disapproved for surplus lines

Insurance; Life insurance

Indicates the company is approved (or not disapproved) to write excess or surplus lines in this state.

Assets refer to "all the available properties of every kind or possession of an insurance company that might be used to pay its debts." There are three classifications of assets: invested assets, all ...

Actuary

Insurance; Life insurance

A specialist in the mathematics of insurance who calculates rates, reserves, dividends and other statistics. (Americanism: In most other countries the individual is known as "mathematician.")

Adjustable rate

Insurance; Life insurance

An interest rate that changes, based on changes in a published market-rate index.

Adjuster

Insurance; Life insurance

A representative of the insurer who seeks to determine the extent of the insurer's liability for loss when a claim is submitted.

Admitted assets

Insurance; Life insurance

Assets permitted by state law to be included in an insurance company's annual statement. These assets are an important factor when regulators measure insurance company solvency. They include ...