A life insurance policy provision that states if the insured dies by suicide within a certain period of time from the date of issue (usually

Promisor under a bond; the party that promises to fulfill the obligation of the bonded party or principal; a surety company.

The primary insurer or ceding company cedes to the reinsurer a pro rata share of risks, but the reinsurer only pays its percentage of losses

An annuity contract that allows the owner to surrender the contract if income payments have not yet started. Upon surrender, the contract terminates and the

A fee charged when an owner surrenders the policy for the policy’s cash value.

A life insurance provision stating when the death of the insured and the primary beneficiary is at the same time, the benefits would skip the

When calculating loss development factors from historical data, a factor that recognizes that at some point, older data becomes unavailable or is no longer relevant

A suggested premium used in universal life policies that does not guarantee there will be adequate funds to maintain the policy to any time, including

In retrospective rating plans, a factor applied to an insurance premium to cover licenses, fees, assessments, and premium taxes the insurance carrier must pay on

Growth in the value of a plan or account that is not taxed until the dollars are withdrawn at the applicable tax rate at that

A type of life insurance that provides coverage for a predetermined amount of time.

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed by Congress and signed into law by President Trump on March 27th, 2020.  This

The Certified Insurance Service Representative (CISR) Program for High School gives students the opportunity to earn a nationally recognized industry designation before they graduate. Provided by

The National Alliance story began in 1969 in Austin, Texas when a small group of independent agents approached insurance professor Dr. William T. Hold to

Any act of stealing.

An individual or company hired by an employer to process claims, pay providers, and manage other functions related to the operation of a plan.

Claims administrator or insurance company that processes claims on behalf of a self-insured organization.

A financial ratio that measures how much of the interest obligation of an organization is covered by net income; a measure of default risk; earnings

An analysis that identifies trends over time.

The value of money over a given amount of time considering a given amount of interest.

Marginal retention beyond budgeted retention that the organization may also choose to retain.

Commonly known as manual rating or scheduled rating; an experience modification factor, scheduled credits or debits, premium discounts and/or deductible credits are applied to a

Private or civil wrong, other than a breach of contract, for which the courts will provide a remedy in the form of an action for

A civil wrong (as opposed to criminal) against another party.

Sum of all quantified costs and expenses associated with the risk management function of an organization. TCOR includes insurance costs, retained losses, risk management departmental