National Association of Insurance Commissioners (NAIC) National Association of Insurance Commissioners (NAIC) group founded in 1871 that meets periodically to discuss industry problems and draft model laws in various areas and recommends adoption of these proposals by state legislatures. Members include the ranking
Misstatement of age or sex clause Misstatement of age or sex clause is a contractual provision in a life insurance policy stating that if the insured’s age or sex is misstated,
Cerebral hemispheres Cerebral hemispheres are the two symmetrical left and right halves of the cerebrum. The right hemisphere controls the left side of the body, the left hemisphere the right side.
basic mistrus According to Erik Erikson the pain of being thrust out of the all-supporting womb and into the harsh external world produces a state of basic mistrust in ourselves
Aasic mistrust Basic mistrust is the according to Erik Erickson the pain of being thrust out of the all-supporting womb and into the harsh external world produces a state of basic
Animism Animism is the belief that inanimate natural objects (like rocks or rivers) are animate living things , or contain souls or spiritual forces.
SET (secure electronic transmission) SET (secure electronic transmission) is a vehicle for legitimizing both the merchant and the consumer as well protecting the consumer’s
FTC (federal trade commission) FTC (federal trade commission) is the administrative agency concerned with making laws responsive to particular situations by promulgating rules and opinions within the sectors of its expertise.
Federal Trade Commission (FTC) Federal Trade Commission (FTC) is a government agency established by the Federal Trade Commission Act of 1914: a quasi-judicial body empowered to issue cease-and –desist orders against companies whose combinations would significantly lessen competition.
Commission Commission means a percentage paid to a salesperson of the price of each item sold.
Definition
[ a. & adv.]