No insurance resource would be complete without a comprehensive glossary of terms. We've compiled a list of terms and their definitions to better help you navigate the sometimes confusing world of insurance. Acceleration Clause - The part of a contract that says when a loan may be declared due and payable. Accidental Death Benefit - In a life insurance policy, benefit in addition to the death benefit paid to the beneficiary, should death occur due to an accident.
http://www.ambest.com/resource/glossary.html
If your company issues credit to its customers, you should be aware of accounts receivable insurance. Also referred to as credit insurance, accounts receivable insurance protects companies in the event that a customer fails to make its debt payments. By understanding how accounts receivable insurance works, you can choose whether this product is right for your business.
http://smallbusiness.chron.com/accounts-receivable-insurance-24367.html
Insurance revenues and expenses are accounted for in the relevant technical account, the result of which flows into the non-technical account to calculate the pr... Found on http://www.encyclo.co.uk/local/20197.
http://www.encyclo.co.uk/meaning-of-technical%20account
Non Technical Account. A normal Profit and Loss Account where Premiums and claims are not accounted for. For example Investment Incomes and Tax Expenses are treated in the Non Technical Account. It is similar to a Trading Account held by. a bank. There is an element of cash (premiums and claims) underwriting.
https://prezi.com/r2onvfkc2cg5/the-accounts-of-a-non-life-insurance-company/
technical account. According to EU directives, the profit and loss account has to be separated between a non-life insurance technical account, a life insurance technical account, and a non-technical account.
http://www.encyclo.co.uk/meaning-of-technical%20account
The premium cost of an accounts receivable insurance policy will vary depending on a number of factors including the credit standing and industry of the business. The amount of coverage a business chooses to purchase will also affect the premium cost.
http://smallbusiness.chron.com/accounts-receivable-insurance-24367.html
Transcript of The Accounts of a Non Life Insurance Company. The Accounts of a. Non Life. Insurance Company. Technical Account. Claims. The Statement of Comprehensive Income (Profit and loss) of a non life Insurance Company has to be divided in:
https://prezi.com/r2onvfkc2cg5/the-accounts-of-a-non-life-insurance-company/
Agent -individual who sells and services insurance policies in either of two classifications: 1  Independent agent represents at least two insurance companies and (at least in theory) services clients by searching the market for the most advantageous price for the most coverage.
http://www.ambest.com/resource/glossary.html
accounts receivable coverage. Insures against loss of sums owed to the insured by its customers that are uncollectible because of damage by an insured peril to accounts receivable records. Links for IRMI Online Subscribers Only: CPI IX.H. Suggest an improvement or addition to the Insurance and Risk Management Glossary.
https://www.irmi.com/online/insurance-glossary/terms/a/accounts-receivable-coverage.aspx
♦ This is common in self-insured health care plans. Coinsurance - A form of medical cost sharing in a health insurance plan that requires an. insured person to pay a stated percentage of medical expenses after the deductible. amount, if any, was paid. ♦ Once any deductible amount and coinsurance are paid, the insurer is responsible.
https://www.bls.gov/ncs/ebs/sp/healthterms.pdf
define non-technical insurance account
A non-technical insurance account is a normal Profit and Loss Account where Premiums and claims are not accounted for.