Life insurance

Life insurance

Industry: Insurance

Add a new term

Contributors in Life insurance

Become a Contributors

Life insurance

premium unearned

Insurance; Life insurance

That part of the premium applicable to the unexpired part of the policy period.

section 7702

Insurance; Life insurance

Part of the Internal Revenue Code that defines the conditions a life policy must satisfy to qualify as a life insurance contract, which has tax advantages.

pretax operating income

Insurance; Life insurance

Pretax operating earnings before any capital gains generated from underwriting, investment and other miscellaneous operating sources.

separate account

Insurance; Life insurance

A separate account is an investment option that is maintained separately from an insurer's general account. Investment risk associated with separate-account investments is born by the contract owner.

pretax return on revenue

Insurance; Life insurance

A measure of a company's operating profitability and is calculated by dividing pretax operating earnings by net premiums earned.

Having sufficient assets--capital, surplus, reserves--and being able to satisfy financial requirements--investments, annual reports, examinations--to be eligible to transact insurance business and ...

private-passenger auto insurance policyholder risk profile

Insurance; Life insurance

This refers to the risk profile of auto insurance policyholders and can be divided into three categories: standard, nonstandard and preferred. In the eyes of an insurance company, it is the type of ...