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- a professional classification granted by the American Institute of Home and Casualty Underwriters to individuals in the residential or commercial property and liability insurance field who pass a series of tests in insurance, threat management, economics, financing, management, accounting, and law. Designates should also have at least 3 years experience in the insurance business or associated field.


- costs anticipated to be sustained in connection with the modification and recording of mishap and health, auto medical and workers' payment claims. - A type of liability insurance coverage kind that only pays if the both event that causes (triggers)the claim and the actual claim are submitted to the insurance coverage business throughout the policy term - an approach of determining rates for all applicants within a given set of qualities such as personal market and geographic place.


If the insured stops working to keep the quantity defined in the stipulation (Generally a minimum of 80%), the insured shares a greater percentage of the loss. In medical insurance coverage a portion of each claim that the guaranteed will bear. - an arrangement to get payments as the purchaser of a Choice, Cap or Flooring and to make payments as the seller of a various Option, Cap or Flooring.


Consist of under this type of insurance coverage multi-peril policies (aside from farmowners, house owners and vehicle policies) that consist of protection for liability besides car. - provides a broad package of residential or commercial property and liability protections for industrial ventures other than those supplied insurance coverage through a company owner policy. - property insurance protection offered to industrial ventures.

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- policy assigning financial institution as recipient for insurance coverage on a debtor thereby remitting balance of payment to financial institution upon death of debtor. - insurance composed in connection with a credit transaction where the security is not an automobile, mobile house or property which covers perils to the items acquired through a credit transaction or utilized as collateral for a credit deal and that issues a creditor's interest in the acquired items or promised security, either in whole or in part; or covers dangers to goods bought in connection with an open-end deal.


"Financial Institution Placed House" means "Lender Placed Insurance" on homes, mobile houses and other realty. insurance houston tx. "Financial Institution Placed Car" suggests insurance on vehicles, boats or other lorries. - part of the risk-based capital formula that deals with the collectability of a business's receivables and the danger of losing a provider or intermediary that has received advance capitation payments.






- single interest or dual interest credit insurance acquired unilaterally by the creditor, who is the named insured, subsequent to the date of the credit transaction, providing coverage versus loss to property that would either hinder a financial institution's interest or adversely impact the value of collateral on homes, mobile homes, and other property.




- protection for crop damage due to hail, fire or lightning. - date when an insurer issues a policy. - policy declarations concerning the candidate and residential or commercial property covered such as market and occupational information, property requirements and anticipated mileage annually. - Portion of the insured loss (in dollars) paid by the policy holder - annuity payment to be made as a single payment or a series of installments to begin at some future date, such as in a defined variety of years or at a specified age.

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- policies supplying only oral treatment advantages such as regular dental assessments, preventive oral work, and oral procedures required to treat tooth decay and diseases of the teeth and jaw. - industry providing oral only coverage; protection can be on a stand-alone basis or as a rider to a medical policy.


- loss whereby the proximate cause is comparable to the insured peril. - Damage to covered genuine or personal effects caused by a covered danger. - an insurance coverage company that offers policies to the guaranteed through salaried agents or exclusive agents just; reinsurance business that deal directly with ceding business instead of utilizing houston independent insurance agents brokers.




- a refund of a part of the premium paid by the guaranteed from insurance company surplus. - an insurance provider that is domiciled and accredited in the state in which it offers insurance coverage. - insurance that safeguards the lender's and the debtor's interest in the collateral securing the debtor's credit transaction.


- the quantity at which a property (or liability) might be bought (or incurred) or sold (or settled) in a current deal in between prepared parties, that is, other than in a forced or liquidation sale. Quoted market value in active markets are the very best proof of fair value and will be utilized as the basis for the measurement, if offered.

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- crop insurance coverage that is either entirely or in part reinsured by the Federal Crop Insurance Corporation (FCIC) under the Requirement Reinsurance Arrangement (SRA). higginbotham insurance houston. This includes the following products: Multiple Peril Crop Insurance (MPCI); Catastrophic Insurance, Crop Revenue Coverage (CRC); Income Security and Income Assurance. - charges incurred but not yet paid.


Statutory rules also govern how insurers must develop reserves for invested properties and claims and the conditions under which they can declare credit for reinsurance delivered. - a statute requiring drivers to show capacity to pay for automobile-related losses. - balance sheet and earnings and loss declaration of an insurance provider.


- protection securing the guaranteed against the loss to real or individual home from damage brought on by the danger of fire or lightning, including business disruption, loss of rents, etc - protection for home loss liability as the outcome of separate negligent acts and/or omissions of the guaranteed that enables a spreading fire to trigger bodily injury or property damage of others.


- protection safeguarding the insured against loss or damage to genuine or personal effects from flood. (Note: If protection for flood is provided as an additional peril on a property insurance coverage policy, file it under the applicable home insurance coverage filing code.) - an insurer selling policies in a state other than the state in which they are incorporated or domiciled.