Life insurance

Life insurance

Industry: Insurance

Add a new term

Contributors in Life insurance

Become a Contributors

Life insurance

non-recourse mortgage

Insurance; Life insurance

A home loan in which the borrower can never owe more than the home's value at the time the loan is repaid.

noncancellable

Insurance; Life insurance

Contract terms, including costs that can never be changed.

An event that results in an insured loss. In some lines of business, such as liability, an occurrence is distinguished from accident in that the loss doesn't have to be sudden and fortuitous and can ...

operating cash flow

Insurance; Life insurance

Measures the funds generated from insurance operations, which includes the change in cash and invested assets attributed to underwriting activities, net investment income and federal income taxes. ...

operating ratio

Insurance; Life insurance

Combined ratio less the net investment income ratio (net investment income to net premiums earned). The operating ratio measures a company's overall operational profitability from underwriting and ...

other income/expenses

Insurance; Life insurance

This item represents miscellaneous sources of operating income or expenses that principally relate to premium finance income or charges for uncollectible premium and reinsurance business.