Life insurance

Life insurance

Industry: Insurance

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Life insurance

insurance regulatory information system

Insurance; Life insurance

Introduced by the National Association of Insurance Commissioners in 1974 to identify insurance companies that might require further regulatory review.

laddering

Insurance; Life insurance

Purchasing bond investments that mature at different time intervals.

lapse ratio

Insurance; Life insurance

The ratio of the number of life insurance policies that lapsed within a given period to the number in force at the beginning of that period.

least expensive alternative treatment

Insurance; Life insurance

The amount an insurance company will pay based on its determination of cost for a particular procedure.

Measures the exposure of a company's surplus to various operating and financial practices. A highly leveraged, or poorly capitalized, company can show a high return on surplus, but might be exposed ...

liability

Insurance; Life insurance

Broadly, any legally enforceable obligation. The term is most commonly used in a pecuniary sense.

liability insurance

Insurance; Life insurance

Insurance that pays and renders service on behalf of an insured for loss arising out of his responsibility, due to negligence, to others imposed by law or assumed by contract.