Insurance   A layperson's glossary of insurance terminology.

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what is...
INSURANCE
A system to make large financial losses more affordable by pooling the risks of many individuals and business entities and transferring them to an insurance company or other large group in return for a premium.
ALSO SEE: NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS, BODILY INJURY LIABILITY COVERAGE, FEDERAL INSURANCE ADMINISTRATION, BOILER AND MACHINERY INSURANCE, UNINSURED MOTORISTS COVERAGE, BURGLARY AND THEFT INSURANCE, HOMEOWNERS INSURANCE POLICY, PERSONAL INJURY PROTECTION, BEACH AND WINDSTORM PLANS, DIFFERENCE IN CONDITIONS, WATER-DAMAGE INSURANCE, COMPREHENSIVE COVERAGE, AUTO INSURANCE POLICY, NONSMOKER RISK CLASS, CELL PHONE INSURANCE, WORKERS COMPENSATION, WHOLE LIFE INSURANCE, FIDUCIARY LIABILITY, LIABILITY INSURANCE, ASSIGNED RISK PLANS, COLLISION COVERAGE, CLAIMS-MADE POLICY, LLOYD'S OF LONDON, INSURANCE COMPANY, ANNUAL STATEMENT, TRAVEL INSURANCE, UNINSURABLE RISK, INSURANCE POLICY, ANNUITY CONTRACT, INSURANCE QUOTE, TITLE INSURANCE, INSURANCE SCORE, PACKAGE POLICY, LIFE INSURANCE, DIRECT WRITERS, GAP INSURANCE, CAR INSURANCE, UNDERWRITING, ALLIED LINES, CREDIT SCORE, DEREGULATION, REINSURANCE, COINSURANCE, WITHDRAWAL, COMMISSION, LOSS COSTS, CAPACITY, CAR YEAR, COVERAGE, ACTUARY, ASSETS, BROKER, POLICY, FRAUD, AGENT, LIMIT, WRITE, RATE, NAIC, FIA

    Courtesy of the Insurance Glossary
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