Definition that contains insurance company
- insurance promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company
- reinsure insure again by assuming all or a part of the liability of an insurance company already covering a risk
- reinsure insure again by transferring to another insurance company all or a part of a liability assumed
- cash surrender value the amount that the insurance company will pay on a given life insurance policy if the policy is cancelled prior to the death of the insured
- no fault insurance a system of automobile insurance where a party who is injured in an automobile accident recovers damages up to a specific amount against his own insurance company regardless of who was responsible for the accident
- insurability the quality of being insurable; the conditions under which an insurance company will issue insurance to an applicant (based on standards set by the insurance company)
- uninsurability the quality of being uninsurable; the conditions under which an insurance company will refuse to issue insurance to an applicant (based on standards set by the insurance company)
- loss ratio the ratio of the annual claims paid by an insurance company to the premiums received
- subrogate substitute one creditor for another, as in the case where an insurance company sues the person who caused an accident for the insured
- no fault automobile insurance a system of automobile insurance where a party who is injured in an automobile accident recovers damages up to a specific amount against his own insurance company regardless of who was responsible for the accident