Terms with Tag Insurance

  • Enquête sur la Couverture de l'Assurance-Emploi (ECAE)Acronym, Canada,
      French acronym for Coverage Survey of Employment Insurance.
    • Entity-Purchase Agreement Definition,
      • A plan used for businesses with multiple owners where insurance policies are taken out for each owner in the amount of their ownership stake.
    • Equity Definition,
      • Ownership in an asset.
      • The value of a property minus outstanding mortgage debt and other liens.
    • Errors and Omissions (E&O)Acronym,
      • Errors and Omissions Insurance Definition,
        • Insurance that protects architects, home inspectors and contractors from claims by clients for professional mistakes.
      • Estate Planning Definition,
        • The process of determining how assets will be dispersed after an individual's death, ideally in the most tax-efficient way possible.
      • Excess of Loss Self-Insurance Pool (ELSIP)Acronym,
        • Exclusions Definition,
          • Situations, as listed in an insurance policy, where insurance companies are allowed to deny coverage to policyholders.
        • Executor Definition,
          • The person who manages the estate of a deceased individual.
        • Expense Ratio Definition,
          • A method of calculating an insurer's operating efficiency.
        • Export Payments Insurance Policy (EPIP)Acronym,
          • Exposure Definition,
            • How much liability an insurer takes on when they write an insurance policy.
          • Extended Permanent Disability Benefit (EPDB)Acronym,
            • Extended Replacement Cost Definition,
              • A replacement cost for an asset that exceeds that of the actual cash value of the asset.
            • Face Value Definition,
              • The value of an asset, or the size of an insurance benefit.
            • Fake Claim Definition,
              • An insurance claim made fraudulently.
            • Family Income Rider Definition,
              • A recurring or lump sum life insurance benefit that matches the policyholder's income.
            • Farmowners (FO)Acronym,
                Insurance policy covering farm owner's property.
              • Fellow of the Insurance Institute of Canada (FIIC) Acronym, Canada,
                • Fellow, Chartered Insurance Professional (FCIP)Acronym, Canada,
                    Insurance education and accreditation courses offered by The Insurance Institute of Canada.
                  • Fidelity Bond Definition,
                    • Insurance that protects a business from losses due to employee fraud, such as theft, forgery or fraudulent trading.
                  • Finance, Insurance and Real Estate (FIRE) Acronym, Important,
                    • A section of land including all the natural resources (above and below the surface) and any permanent buildings or structures located on it. Also known as "realty."
                  • Financial Component of Liabilities (FCL)Acronym,
                    • Financial Responsibility Laws Definition,
                      • A type of law that requires an entity to be capable of paying for damages in the event of a potential claim.
                    • Financial Services Commission of Ontario (FSCO) Company Est. 1998, Ontario, Canada, Very Important,
                      • A regulatory agency of the Ministry of Finance that protects public interests and regulates insurance, pension plans, loan and trust companies, credit unions, caisses populaires, mortgage brokering, and co-operative corporations in Ontario.
                      Oversees the mortgage, insurance and pension industries in Ontario.
                    • Financing Entity Definition,
                      • An entity that purchases an insurance policy or settlement contract.
                    • Finder Fee Definition,
                      • A fee paid by a party to another for services rendered.
                    • Finite Reinsurance Definition,
                      • A reinsurance arrangement where the reinsurer only takes on a limited amount of risk from the ceding party.
                    • Fire Insurance Definition,
                      • Insurance that covers losses from fire damage to insured assets.
                    • First Dollar Coverage Definition,
                      • Insurance coverage that does not require the insured to pay a deductible.
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