Life insurance

Life insurance

Industry: Insurance

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Life insurance

overall liquidity ratio

Insurance; Life insurance

Total admitted assets divided by total liabilities less conditional reserves. This ratio indicates a company's ability to cover net liabilities with total assets. This ratio doesn't address the ...

own occupation

Insurance; Life insurance

Insurance contract provision that allows policyholders to collect benefits if they can no longer work in their own occupation.

Auto coverage for drivers who have never had an accident and operates vehicles according to law. Drivers are not a risk for any insurance company that writes auto insurance, and no insurance company ...

return on policyholder surplus (return on equity)

Insurance; Life insurance

The sum of after-tax net income and unrealized capital gains, to the mean of prior and current year-end policyholder surplus, expressed as a percent. This ratio measures a company's overall after-tax ...

preferred provider organization

Insurance; Life insurance

Network of medical providers who charge on a fee-for-service basis, but are paid on a negotiated, discounted fee schedule.

risk class

Insurance; Life insurance

Risk class, in insurance underwriting, is a grouping of insureds with a similar level of risk. Typical underwriting classifications are preferred, standard and substandard, smoking and nonsmoking, ...