Glossary
The "10/10 rule" is a general guideline for determining whether risk transfer, an important requirement for using reinsurance accounting, occurs with a reinsurance agreement.
Read MoreTerminal Coverage (IH 00 72) covers damage to vehicles garaged or stored at a common location sometimes included in a property insurance policy or inland marine floater.
Read MoreA terminal dividend is an additional dividend that is paid to the policyholder when a life insurance policy is terminated.
Read MoreA terminal operator is the term used to describe the operator of a commercial wharf when the wharf is located in a larger terminal facility that is under common management.
Read MoreA terminal reserve is a life insurance reserve that is established at the end of each life policy year.
Read MoreTermination is the formal ending of a reinsurance agreement by its natural expiration, cancellation, or commutation by the parties.
Read MoreTerm life insurance refers to a policy that gives protection for only a definite period of time (e.g., 1, 3, or 5 years).
Read MoreA terrorism endorsement is a provision attached to an insurance policy that restricts, excludes, or otherwise explains coverage for loss due to terrorist acts.
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