calstate.edu

Website:http://www.calstate.edu
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Definitions (1571)

1.

2   1

Regional Office


A suboffice of a home office that is equipped to handle all lines of business in a particular territory or region. Some companies use the term branch office.
Source: calstate.edu

2.

2   2

NFIA


National Flood Insurers Association.
Source: calstate.edu

3.

2   2

Iron Safe Clause


A provision in a property insurance policy that requires the insured to keep records in a safe when they are not used.
Source: calstate.edu

4.

1   0

FEGLI


Federal Employees Group Life Insurance.
Source: calstate.edu

5.

1   1

Cession


The unit of insurance transferred to a reinsurer by a ceding company. It also refers to the process of ceding insurance to a reinsurer.
Source: calstate.edu

6.

0   0

Zero-Day Qualification Period


When a residual policy has a zero-day qualification period, satisfying the elimination period, it makes the insured eligible for total or residual benefits. When a policy has no qualification period, [..]
Source: calstate.edu

7.

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You/Your


Words used to refer to the named insured in many of the personalized policy forms.
Source: calstate.edu

8.

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Yearly Renewable Term


(1) Term life insurance that may be renewed annually without evidence of insurability until some stated age. (2) A form of life, and sometimes health, reinsurance in which the reinsurer assumes only t [..]
Source: calstate.edu

9.

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Yacht Insurance


Insurance providing hull coverage and protection and indemnity liability coverage on pleasure boats. It is usually written on an open perils (all risk) basis for hull coverage, although named-perils f [..]
Source: calstate.edu

10.

0   0

XCU


Explosion, Collapse and Underground Damage. A term used in business liability insurance to indicate that certain types of construction work involve these hazards. Many liability policies exclude them. [..]
Source: calstate.edu


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