An itemized list often containing the estimated or real values of property belonging to an estate. An inventory is usually made by an executor or administrator of an estate as part of the probate proc [..]

A committee meeting held for the purpose of determining the contents of a measure to be reported to the desk. A work session is different from a public hearing: in a work session, no testimony is take [..]

There are three accepted uses of this term: (1) An individual or company who insures risk, (2) an agent who solicits insurance and, (3) a home office employee who determines whether applicants are sui [..]

"Environmental sanitation" means the art and science of applying sanitary, biological and physical science principles and knowledge to improve and control the environment and factors therein [..]

The consideration of money the insurer charges for the assumption of the hazard or risk of liability.

The amount due the carrier by the assured by reason of (1) a change endorsement resulting in an increase in the original premium, or (2) an audit disclosing the actual earned premium as being greater [..]

The amount paid to the carrier by the insured at the inception of the policy. On policies issued on an annual audit basis, the deposit premium equals the estimated premium; on policies issued on an in [..]

The amount charged the insured by the carrier for the insurance provided during the time policies are in force. A premium is not fully earned until after termination of the policy period, or any desig [..]

The estimated total annual premium. On policies in which the premium is based on payroll, the estimated premium is calculated by applying the proper rates to the estimated payroll for the policy perio [..]

The original premium recorded, or the latest premium in case of later endorsement, controlled statistically for the purpose of keeping accurate premiums in-force records.