Dictionary of insurance terms

Defined here are approximately 4,500 key terms used in the insurance industry, which makes this book a valuable quick-reference fact-finder for agents, brokers, actuaries, underwriters, and consumers seeking understanding of insurance policies. Definitions apply to life, health, property, and casualty insurance, as well as to various retirement plans. Sample Entry:PRIOR ACTS COVERAGE liability insurance coverage for claims arising from acts that occurred before the beginning of the policy period. Policies written on a claims made basis, such as malpractice liability insurance and errors and ommissions liability insurance, cover only claims during the policy period. Prior acts coverage is necessary for covering a claim made during a current policy for an event that happened before a policy was in force. About the Series:Pocket-size books each list and define several thousand specialized terms alphabetically. Titles in this series were compiled and written by recognized authorities in their fields.