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- an expert designation awarded by the American Institute of Property and Casualty Underwriters to persons in the residential or commercial property and liability insurance field who pass a series of tests in insurance, danger management, economics, financing, management, accounting, and law. Designates need to also have at least 3 years experience in the insurance coverage business or associated field.


- expenses expected to be sustained in connection with the modification and recording of mishap and health, auto medical and employees' compensation claims. - A type of liability insurance kind that just pays if the both occasion that causes (triggers)the claim and the real claim are sent to the insurer throughout the policy term - a technique of figuring out rates for all applicants within a given set of attributes such as personal demographic and geographical area. insurance broker san antonio.




If the insured stops working to keep the quantity specified in the clause (Generally a minimum of 80%), the insured shares a greater proportion of the loss. In medical insurance a portion of each claim that the guaranteed will bear. - an agreement to receive payments as the purchaser of an Option, Cap or Flooring and to make payments as the seller of a various Option, Cap or Floor.


Consist of under this type of insurance multi-peril policies (other than farmowners, property owners and vehicle policies) that consist of coverage for liability aside from auto. - offers a broad bundle of property and liability coverages for commercial ventures aside from those supplied insurance through a service owners policy. - residential or commercial property insurance coverage offered to commercial ventures.

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- policy appointing creditor as recipient for insurance on a debtor consequently remitting balance of payment to financial institution upon death of debtor. - insurance composed in connection with a credit transaction where the security is not a motor automobile, mobile house or real estate which covers perils to the goods bought through a credit transaction or utilized as collateral for a credit deal and that issues a creditor's interest in the purchased goods or pledged collateral, either in entire or in part; or covers perils to items acquired in connection with an open-end deal.


"Lender Placed Home" implies "Financial institution Placed Insurance coverage" on homes, mobile houses and other property. "Lender Placed Vehicle" indicates insurance coverage on vehicles, boats or other cars. - part of the risk-based capital formula that attends to the collectability of a business's receivables and the danger of losing a supplier or intermediary that has gotten advance capitation payments.


- single interest or dual interest credit insurance coverage purchased unilaterally by the lender, who is the called insured, subsequent to the date of the credit transaction, supplying coverage versus loss to property that would either impair a financial institution's interest or negatively impact the value of security on homes, mobile houses, and other genuine estate.


- coverage for crop damage due to hail, fire or lightning. - date when an insurer issues a policy. - policy declarations regarding the applicant and property covered such as demographic and occupational details, home specifications and anticipated mileage annually. - Part of the insured loss (in dollars) paid by the policy holder - annuity payment to be made his response as a single payment or a series of installments to begin at some future date, such as in a specified variety of years or at a defined age.

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- policies offering just dental treatment benefits such as regular oral evaluations, preventive dental work, and dental treatments required to treat tooth decay and diseases of the teeth and jaw. - line of work supplying dental only protection; protection can be on a stand-alone basis or as a rider to a medical policy.


- loss whereby the proximate cause is comparable to the insured peril. - Damage to covered real or personal property brought on by a covered danger. - an insurance provider that sells policies to the guaranteed through employed representatives or exclusive agents just; reinsurance business that deal straight with ceding companies instead of utilizing brokers.




- a refund of a portion of the premium paid by the guaranteed from insurance provider surplus. - an insurance coverage company that is domiciled and certified in the state in which it offers insurance. - insurance that safeguards the creditor's and the debtor's interest in the collateral securing the debtor's credit transaction.




- the amount at which an asset (or liability) might be bought (or incurred) or offered (or settled) in a current transaction in between willing celebrations, that is, helpful hints besides in a required or liquidation sale. insurance agents san antonio. Estimated market costs in active markets are the very best proof of fair worth and shall be used as the basis for the measurement, if offered.

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- crop insurance protection that is either wholly or in part reinsured by the Federal Crop Insurance Coverage Corporation (FCIC) under the Standard Reinsurance Arrangement (SRA). This consists of the following products: Several Danger Crop Insurance (MPCI); Catastrophic Insurance, Crop Profits Protection (CRC); Income Defense and Income Guarantee. - charges incurred however not yet paid.


Statutory rules also govern how insurers must develop reserves for invested assets and claims and the conditions under which they can claim credit for reinsurance delivered. - a statute needing vehicle drivers to show capability to spend for automobile-related losses. - balance sheet and profit and loss statement of an insurance coverage company.


- coverage safeguarding the guaranteed against the loss to real or personal property from damage triggered by the peril of fire or lightning, including business interruption, loss of rents, and so on - protection for home loss liability as the outcome of separate irresponsible acts and/or omissions of the guaranteed that enables a dispersing fire to trigger physical injury or residential or commercial property damage of others - insurance agents san antonio.




- coverage safeguarding the insured against loss or damage to real or personal effects from flood. (Note: If navigate to these guys coverage for flood is used as an additional danger on a property insurance plan, submit it under the applicable residential or commercial property insurance coverage filing code.) - an insurance business offering policies in a state other than the state in which they are integrated or domiciled.