Indemnification Agreement Indemnification Agreement can safeguard you from the liabilities resulting from the contractual group's carelessness or violation of the agreement. A stay-safe deal, also known as...
Index Fund A portfolio of stocks or bonds that mirrors the composition and performance of a financial market index is called an Index Fund.
Surrender-cost index Surrender-cost index is a method of measuring the cost of an insurance policy to an insured if the policy is surrendered at the end
Protection and indemnity insurance (P&I) Protection and indemnity insurance (P&I) coverage that can be added to an ocean marine insurance policy to provide liability insurance for
Principle of indemnity Principle of indemnity allows principle that states the insurer agrees to pay no more than the actual amount of the loss. The insured should not profit from a covered loss but should be restored to approximately
Net payment cost index Net payment cost index is method of measuring the cost of an insurance policy to an insured if death occurs at the end of some specified time period. The time value of money is taken into
Indexed universal life insurance Indexed universal life insurance is a variation of universal life insurance with certain key characteristics; there is a minimum interest rate guarantee; additional interest is credited to the policy based on
Indemnification Indemnification is compensation to the victim of a loss, in whole or in part, by payment, repair, or replacement.
Independent adjustor Independent adjustor claims adjustor who offers his or her services to insurance companies and is compensated by a fee.
Independent agency system Independent agency system is a type of property and casualty insurance marketing system, sometimes called the American agency system, in which the agent is an independent businessperson
Definition
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