Terms with Tag Insurance

  • First Loss Insurance Policy Definition,
    • An insurance policy where the policyholder under-insures their assets and will only receive partial coverage in the event of a loss.
  • Fixed Indexed Annuity (FIA)Acronym,
    • Fixed Premium Definition,
      • Insurance or annuity premiums that stay level for a specific period of time.
    • Flat Fee Definition,
      • A fixed charge that a broker requests instead of a commission.
    • Flexible Premium Deferred Annuity (FPDA)Acronym,
      • Flexible Premium Variable Life Insurance (FPVLI)Acronym,
        • Floater Insurance Definition,
          • Insurance that covers assets not commonly covered by an existing policy such as electronics or jewelry.
        • Flood Hazard Zone (FHZ)Acronym,
          • Flood Insurance Definition,
            • An insurance policy that provides coverage for the damages resulting from flooding. Canadian homeowners are currently unable to purchase flood insurance.
          • Flood Insurance Rate Map (FIRM)Acronym, United States,
              A US mortgage term.
            • Flood Insurance Study (FIS)Acronym, United States,
                A US mortgage term.
              • Flood Plain (flpl) Abbreviation,
                • Land that is prone to inundation.
              • Flood Zone Determination (FZD)Acronym,
                • Foreign Investment Insurance Policy (FIIP)Acronym,
                  • Foreign Variable Universal Life Insurance (FVUL)Acronym,
                    • Four Pillars Definition,
                      • Refers to the main types of financial institutions: banking, trust, insurance, and securities.
                    • Free of All Average (FAA)Acronym,
                      • Free of Damage (FOD)Acronym,
                        • Fringe Benefit Definition,
                          • Employee compensation other than your wages, tips and salaries, such as health insurance, life insurance and pension plans. Usually referred to as a Bonus.
                        • Full Interest Admitted (FIA)Acronym,
                          • Full Premium If Lost (FPIL)Acronym,
                            • Future Policy Related Liabilities (FPRL)Acronym,
                              • Future Purchase Option Definition,
                                • A provision that gives the policyholder the option to purchase additional insurance coverage at a future date.
                              • Gap Insurance Definition,
                                • A type of insurance offered to auto lease customers. This type of insurance covers the difference in value between a vehicle's book value and the amount remaining on a vehicles financing or lease, if such a difference exists.
                              • Gatekeeper Definition,
                                • In relation to health maintenance organizations, a gatekeeper is a primary care physician that arranges medical care for policyholders.
                              • General Account (GA) Acronym, Very Important,
                                • Investments and assets that an insurer uses for paying benefits and claims.
                              • General Average (GA)Acronym,
                                • General Equilibrium Model (GEM)Acronym,
                                  • General Insurance Statistical Agency (GISA) Company Est. 2005, Toronto, Ontario, Canada,
                                      A federally incorporated, non-profit corporation.
                                    • General Liability Insurance Definition,
                                      • Insurance that protects individuals and businesses from a number of potential liabilities.
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