4 Terms
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Life insurance
Industry: Insurance
Add a new termContributors in Life insurance
Life insurance
development to policyholder surplus
Insurance; Life insurance
The ratio measures reserve deficiency or redundancy in relation to policyholder surplus. This ratio reflects the degree to which year-end surplus was either overstated (+) or understated (-) in each ...
direct premiums written
Insurance; Life insurance
The aggregate amount of recorded originated premiums, other than reinsurance, written during the year, whether collected or not, at the close of the year, plus retrospective audit premium ...
direct writer
Insurance; Life insurance
An insurer whose distribution mechanism is either the direct selling system or the exclusive agency system.
disease management
Insurance; Life insurance
A system of coordinated health-care interventions and communications for patients with certain illnesses.
acceleration clause
Insurance; Life insurance
The part of a contract that says when a loan may be declared due and payable.
accidental death benefit
Insurance; Life insurance
In a life insurance policy, benefit in addition to the death benefit paid to the beneficiary, should death occur due to an accident. There can be certain exclusions as well as time and age limits.
active participant
Insurance; Life insurance
Person whose absence from a planned event would trigger a benefit if the event needs to be canceled or postponed.
