As related to the Business Judgment Rule, a decision must be made based on reasonable and relevant information.

Actions taken to investigate documents and records of a business and/or person prior to examination of a proposed action before it is undertaken, executing a

The length of time long-term care insurance will pay maximum daily benefits.

The Dynamics of Selling Series is a multi-day insurance specific sales training course. Designed and taught by leading, insurance sales professionals who are active in

Acronym for Excess & Surplus

Amount of the premium that has been “used up” during the term of a policy; for example, if a one-year policy has been in effect

Cumulative net income, also known as retained earnings.

After-tax net income divided by number of common shares of stock outstanding.

Acronym for Employee Benefits

A general class of risk; risks arising from operations, economy, financial marketplace or entrepreneurial activities.

Future stream of income assigned to the property.

The date an insurance policy goes into effect, sometimes referred to as the policy date.

The length of time an insured must be disabled under a disability income and long-term policy before receiving benefits.

When computing workers compensation experience modifications, the factor taken from actuarial tables used to calculate total expected losses for the specific classification given the audited

New exposures to loss for which a risk treatment has not been implemented; existing exposures to loss that are evolving, difficult to quantify and may

In statistics, the rule that nearly all values lie within 3 standard deviations of the mean for a normal distribution.

A person in the service of another under a contract of hire, who acts under the direction and control of the person who hired him/her.

Any plan, fund, or program established or maintained for the purpose of providing employee benefits to its participants or beneficiaries (EISA).

An agent of the company in a limited agency capacity.

A percentage of eligible employee participation required before an insurer will write an employer-sponsored group plan.

Any plan that provides retirement benefits to employees or defers income for employees to periods after termination of employment.

A federal regulation enacted to protect participants and their beneficiaries. ERISA contains provisions that stand on their own and also added or amended provisions of

Any plan that provides medical care or benefits for sickness, accident, disability, death, unemployment, vacation, training, day care, scholarships, or prepaid legal services, or any

The amount of premium an employer pays for employees and their dependents under the employer-sponsored group plan.