Terms with Tag Insurance

  • Commercial Property Insurance Definition,
    • Property insurance that provides coverage for damages to commercial property due to named perils such as fire or theft.
  • Commission (comm) Abbreviation,
    • A fee paid to a salesperson for selling a product to a customer.
    • An agent's fee for negotiating a real estate or mortgage loan transaction, often expressed as a percentage of the selling price.
  • Commissioners' Reserve Valuation Method Definition,
    • A method used to determine the minimum statutory reserves for annuities and insurance products.
  • Committee on Life Insurance Financial Reporting (CLIFR)Acronym, Canada,
    • Commutation Definition,
      • An option given to the beneficiaries of annuities and life insurance policies that allows them to modify the frequency and size of benefit payments.
    • Comparative Mortality Figure (CMF)Acronym,
        Used in the study of occupational mortality.
      • Comparative Negligence Definition,
        • The degree to which the claimant's own negligence factored into damages, and how much liability can be attributed to each party.
      • Completed Operations Insurance Definition,
        • Insurance that provides protection against liability after contractual obligations have ended.
      • Completion Bond Definition,
        • Insurance purchased to make sure that an important project is completed, even if something unexpected happens, financial or otherwise.
      • Comprehensive General Liability (CGL)Acronym,
        • Comprehensive Insurance Definition,
          • Auto insurance that covers damages not resulting from a collision, and for vehicle theft.
        • Comprehensive Liability Transfer Agreement (CLTA)Acronym,
          • Comptroller Definition,
            • An individual who oversees and audits the financial reporting and accounting of an organization.
          • Computer Liability Insurance Coverage (CLIC)Acronym,
            • Concealment Definition,
              • The act of lying or omitting information when applying for insurance coverage.
            • Concurrent Causation Definition,
              • If there is more than one cause of damage in an insurance claim and one cause is covered while the other is not, the insurer is obligated to cover the loss.
            • Concurrent Insurance Definition,
              • Multiple insurance policies that cover the same exposure.
            • Concurrent Periods Definition,
              • When a patient requires treatment for more than one ailment at a time, all insurance benefits are paid together.
            • Conditional Sales Floater Definition,
              • Insurance that covers losses on property sold conditionally or on an instalment plan.
            • Condominium Legal Liability (CLL)Acronym,
              • Confining Condition Definition,
                • Any medical condition that forces an individual to stay confined to a single location.
              • Consequential Loss Definition,
                • The financial loss that occurs due to an entity's inability to use an asset or property.
              • Consignment Insurance Definition,
                • Insurance for assets on loan, consignment, in transfer of ownership, or up for auction.
              • Constructive Total Loss Only (CTLO)Acronym,
                • Contingent Beneficiary Definition,
                  • A beneficiary who only receives his or her benefit when specific conditions have been met.
                • Contingent Liability Definition,
                  • A legal responsibility to pay certain sums conditional on a future event such as a law suit or court case.
                • Contingent Liability Program (CLP)Acronym,
                  • Contract Holder Definition,
                    • The entity that holds the rights to a obligation or debt.
                  • Contractor Controlled Insurance Policy (CCIP)Acronym,
                    • Contractual Liability Insurance Policy (CLIP)Acronym,
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