| A (or Judgment) Rates |
Rates used by an insurer that are not statistically credible because adequate data does not exist fo... |
| A Rates |
Rates that are not actuarially credible because there are inadequate statistics or loss experience t... |
| Abandonment |
1) In ocean marine insurance, the transfer by the insured to an insurer of all rights, title, and... |
| Abandonment Clause |
The actual provision in an insurance contract, usually ocean marine, inland marine or property, t... |
| Absolute Assignment |
When the policyowner or insured transfers or assigns all of the rights and subsequent control in ... |
| Absolute Beneficiary |
A provision in a life insurance policy stating that the beneficiary cannot be changed unless the ... |
| Absolute Liability |
Liability that exists and is imposed upon a party, even though no negligence or fault was committed ... |
| Absolute Ownership |
Those cases where the policyowner or insured has full and absolute rights to assign, sell or give... |
| Abutting Coverage |
Two or more insurance policies with consecutive policy periods providing common insurance to an insu... |
| Accelerated Death Benefits (ADB) |
In a life insurance policy, this is when the benefits (or payoff) are paid before the death of the i... |
