Insurance Terms, Third party person other than the insured or insurer who has incurred losses or is entitled to receive payment due to acts or omissions of the insured. Our insurance terms glossary is divided alphabetically by insurance terms in a quick reference guide to assist understanding the language commonly used by insurance companies. International risk management institute inc. Other terms conditions and exclusions apply. This Insurance Terms can keep free with high resolution widescreen for your information and reference before execute your plan.
Policy documents contain a number of insurance terms because they typically define the limitations of risk and liability on the insured and any exclusions of coverage. This type of life insurance provides financial protection to the nominee in case policyholder dies during the policy term. These definitions do not alter or modify the terms of any insurance contract. Term insurance is a type of life insurance that provides coverage for a specific period of time or years.
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