4 Terms
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Life insurance
Industry: Insurance
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Life insurance
Agent
Insurance; Life insurance
Individual who sells and services insurance policies in either of two classifications: 1. Independent agent represents at least two insurance companies and (at least in theory) services clients by ...
Aggregate limit
Insurance; Life insurance
Usually refers to liability insurance and indicates the amount of coverage that the insured has under the contract for a specific period of time, usually the contract period, no matter how many ...
Annual administrative fee
Insurance; Life insurance
Charge for expenses associated with administering a group employee benefit plan.
Attained age
Insurance; Life insurance
Insured's age at a particular time. For example, many term life insurance policies allow an insured to convert to permanent insurance without a physical examination at the insured's then attained ...
Authorised under federal products liability risk retention act (risk retention groups)
Insurance; Life insurance
Indicates companies operating under the Federal Products Liability Risk Retention Act of 1981 and the Liability Risk Retention Act of 1986.
Automobile liability insurance
Insurance; Life insurance
Coverage if an insured is legally liable for bodily injury or property damage caused by an automobile.
Balance sheet
Insurance; Life insurance
An accounting term referring to a listing of a company's assets, liabilities and surplus as of a specific date.
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