Reinsurance glossary reinsurance glossary compiled by the american council of life insurers reinsurance committee and provided by central security life insurance company cslic. Agent the insurance company representative who sells policies on behalf of the insurer. Insurance pdf types of insurance, scope of insurance,classification hello friends welcome to. Page 302 a provision that under every such policy, if a past due premium shall be accepted by the company or by a branch office or by an authorized agent of the company in the city, town or county in which the insured shall reside, or by the duly authorized agent of the company who accepted the last premium on the policy, such acceptance shall reinstate the policy in full as to disability.
Get your kindle here, or download a free kindle reading app. Kindly click on the required terminology to get the meaning for the same. An arrangement or agreement that protects someone from incurring future losses, as from damage, theft, illness, or death, especially a contract that transfers the risk of a specified loss to another party in exchange for the payment of a premium. This is the english version of the original publication, which was published originally in hungarian. We are a nonprofit group that run this website to share documents. In insurance dictionary section of our website, we had tried our best to educate you on all the insurance terminologies. Dictionary of insurance terms barrons business guides rubin, harvey w. Large selection and many more categories to choose from. Insurance information institute 110 william street new york, ny 10038 tel. Openunderwriter insurance distribution openunderwriter is an open source software house specialising in the development of it solutions for. Download understanding insurance in simple english pdf ebook. Download insurance helps you to protect your downloadable product purchase by allowing you to redownload it for a period of one year in the event of loss, corruption, a computer crash, virus, etc. Business preliminary vocabulary list was originally developed by cambridge. Any one who wants to know about term insurance plan in detail can download this free ebook and read it.
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