Term
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Definition
| Contract that transfers risk of financial loss for a fee. |
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Term
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Definition
| Company writing insurance. |
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Term
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Definition
| Person protected against loss. |
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Term
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Definition
| Person who received proceeds off life insurance. 3rd party. |
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Term
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Definition
| Written contract of insurance. |
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Term
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Definition
| Maximum insurer pays for loss. |
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Term
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Definition
| Consideration paid by insured. |
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Term
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Definition
Danger of loss.
property, life etc... |
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Term
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Definition
| Factors that continue to uncertainty. |
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Term
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Definition
| Addition to insurance policy that modifies extends or limits base contract. |
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Term
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Definition
| Temporary contract of insurance. |
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Term
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Definition
| Intrest in no occurrence of risk insured against. |
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