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Definitions (232)
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coverage area
The geographic region covered by travel insurance.
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acceleration clause
The part of a contract that says when a loan may be declared due and payable.
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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. There can be certain exclusions as well as time and age limits.
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active participant
Person whose absence from a planned event would trigger a benefit if the event needs to be canceled or postponed.
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activities of daily living
Bathing, preparing and eating meals, moving from room to room, getting into and out of beds or chairs, dressing, using a toilet.
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actual cash value
Cost of replacing damaged or destroyed property with comparable new property, minus depreciation and obsolescence. For example, a 10-year-old sofa will not be replaced at current full value because of [..]
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adjustable rate
An interest rate that changes, based on changes in a published market-rate index.
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adjuster
A representative of the insurer who seeks to determine the extent of the insurer's liability for loss when a claim is submitted.
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admitted assets
Assets permitted by state law to be included in an insurance company's annual statement. These assets are an important factor when regulators measure insurance company solvency. They include mort [..]
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agent
individual who sells and services insurance policies in either of two classifications:
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