A Handbook of Personal Insurance Terminology |
Common terms and phrases
accident actuarial agent agreement amount annuity application arithmetic mean artery assets bank beneficiary benefits blood blood vessels bonds broker called capital claim clause coding corporation cost coverage death deduction deposit disability disease dividend earnings employees expenses funds guaranteed health insurance heart income individual insurance company insurance contract INSURANCE OFFICIAL insurance policy interest Internal Revenue Service investment issued liability loan loss magnetic tape ment mortality table mortgage negotiable instrument operation option organization paid par value participating party payable payment pension plan period permanent life insurance person policyholder preferred stock premium profit psychosis punched card purchase reinsurance REINSURANCE TREATY reserve retirement risk securities selling share shareowners specified storage subroutine surplus tape term insurance tion transfer trust underwriting usually vested