n promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company
State insurance commissioner is in ordinary times a job much like the job of state bank commissioner: super-auditor to see that no one plays hocus-pocus with money that the public .
Term What it is Why it matters; Actuarially Sound: An insurance plan that collects enough money in premiums to at least cover claims paid out.
Term What it is Why it matters; Actuarially Sound: An insurance plan that collects enough money in premiums to at least cover claims paid out.
Insurance fraud highest for cars Insurance fraud seems to be on the rise when assessing the data on so-called questionable claims by the National Insurance Crime Bureau, and car claims are the culprit.
June 22, 2013 - Bankrate.com
Insurance Professionals award scholarships to Vernon students The Insurance Professionals of Sussex County awarded two $1,000 scholarships at their annual dinner on May 20. The scholarships were awarded based on an essay response to one of three questions.
June 22, 2013 - The Advertiser-News
Ben Bernanke in NEWS.com.au We stand ready to take substantive additional action as needed to support growth and to provide adequate insurance against downside risks,Mr Bernanke said in a speech in Washington this morning (AEDT).