Download Dictionary of Insurance Terms by Harvey W. Rubin Ph.D. PDF

By Harvey W. Rubin Ph.D.

A helpful quick-reference fact-finder for brokers, agents, actuaries, underwriters, and traditional shoppers, this instruction manual defines nearly 4,500 key phrases utilized in the assurance undefined. Definitions practice to lifestyles, health and wellbeing, estate, and casualty assurance, in addition to to householders' and tenants' assurance, specialist legal responsibility coverage, pension plans, and person retirement bills. buy of policies constitutes a huge lifetime expenditure for the typical shopper, and a major functionality of this e-book is to aid non-experts comprehend what they wish and precisely what they're procuring after they buy coverage. writer Harvey Rubin, a Chartered existence Underwriter and Chartered estate and Casualty Underwriter, opens with an outline of the assurance that issues out the numerous monetary tools on hand from insurance firms to companies, execs and general shoppers. He devotes the rest of this ebook to definitions, descriptions, and examples that translate technical coverage terminology into transparent, understandable English. this is an enlightening and obtainable enterprise advisor that merits a spot on each domestic bookshelf. the recent York instances calls this ebook ". . . valuable, fairly for worker gain and retirement issues."

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ACCREDITED ADVISOR IN INSURANCE (AAI) professional designation earned after the successful completion of three national examinations given by the INSURANCE INSTITUTE OF AMERICA (IIA). Covers such areas of expertise as insurance production (insurance sales, exposure identification, legal liability, personal lines insurance, commercial lines insurance); multiple-lines insurance production; and agency operations and sales management. Program of study is recommended for individuals who have production responsibilities.

The agent is prohibited from disclosing information about the assets held under agreement to anyone without the creator's permission. The power of an agent to act under the agency agreement terminates if the creator becomes incompetent unless the creator has signed a durable power of attorney. Upon the death of the creator, the agency agreement terminates, which requires that all of the assets under the agreement must be probated before they can be distributed to the creator's beneficiaries. AGENCY BY ESTOPPEL see ESTOPPEL.

Time and age limits are usually applicable, as for example, the insured must die within 90 days of the accident and be age 60 or less. ACCIDENTAL DEATH INSURANCE coverage in the event of death due to accident, usually in combination with dismemberment insurance. If death is due to accident, payment is made to the insured's beneficiary; if bodily injury is the result of an accident (such as the loss of a limb), the insured receives a specified sum. See also ACCIDENTAL DEATH CLAUSE. ACCIDENTAL MEANS unexpected, unforeseen event not under the control of the insured that results in bodily injury.

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